Verizon & Alltel Merger Moving Closer

The Department Of Justice all but confirmed Verizon’s purchase of Alltel, passing anti-trust approval provided VZW sell off certain assets to ensure healthy competition in specific markets. Unfortunately for Verizon, the selloffs would account for one of the biggest compliance concessions in the history of the Wireless industry.

Verizon would be forced to sell off 100 assets across 22 states resulting in a loss of 5 million subscribers. After all is said and done, Verizon would have 78 Million subscribers, still leap frogging AT&T for most subscribers in the United States. It looks like Verizon is making moves to fully comply with the DOJ so they can make that jump.

On November 4th, only a few days from now, the FCC will meet on the issue and they may add a few additional markets to the “must drop” list. Other than that, it looks like Verizontel is locked and loaded. We’ll keep you posted.

[Via MobileBurn]

Enjoy this post? Subscribe to the RSS Feed!

Related Articles:

• Verizon Makes Concessions For Alltel
• Verizon Plots to Purchase Alltel
• Verizon/Alltel Deal Closes January 9th
• AT&T Buys Centennial For $944 Million
• Verizon Touch Pro: Nov 24th for $350