Verizon Makes Concessions For Alltel

Verizon’s (pending) aquisition of Alltel is a BIG move in the wireless world. With a nice coverage in the more “rural” markets, Alltel gives Verizon reach to areas it didn’t otherwise serve while customers in these areas benefit from Verizon’s huge network - arguably the biggest and fastest.

Before the deal can go through the ominous FCC must approve the deal, with monopolistic tendencies standing in the way. However, Verizon has offered to part ways with nearly 1.7 Million Alltel customers (13%) to prevent a scenario where Verizon would be the only wireless provider in certain regions. That 1.7 million come from 85 markets in 18 different states.

The deal would make Verizon Wireless the single largest mobile carrier in the United States, surpassing AT&T in number of subscribers. We assume Verizon has their fingers crossed that the deal will go through before the turn of the new year, when a new administration (and Congress) would reign over the issue.

Clearly, Verizon is prepared to make the moves necessary to please the powers at be. Will any other concessions be in the mix? Will the purchase ultimately go through? For onlookers… its now just a wait-and-see.

[Via RCRNews, Phonescoop, Engadget]

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