PDAStreet: News: Verizon Wireless-Alltel Merger Moves Forward

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PDAStreet.com > News > Verizon Wireless-Alltel Merger Moves Forward

Verizon Wireless-Alltel Merger Moves Forward

By Judy Mottl
November 3, 2008

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Verizon Wireless will comply with a sweeping Department of Justice (DoJ) requirement that orders it out of 100 mobile markets across 22 states, in a move to see through its $28 billion acquisition of Alltel.

The order, which came late Thursday, seeks to keep wireless rates down and sustain consumer service options, according to DoJ officials. Verizon, which had previously agreed to divest interests in 85 markets, said it remained pleased with the DoJ ruling.

The merger remains under review by the Federal Communications Commission (FCC). The FCC is expected to vote on the merger on Nov. 4.

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