Verizon Wireless In Talks to Acquire Alltel
Jun 4, 2008, 2:41 PM by Eric M. Zeman
updated Jun 4, 2008, 2:45 PM
Reuters is reporting that a source familiar with Verizon Wireless's plans says the company is in serious talks to acquire rural network operator Alltel. Alltel has about 13 million customers. Combined, the merged companies would have more than 80 million subscribers, vaulting it past AT&T, which is the current largest network operator in the U.S in terms of subscribers. The deal could be worth a reported $27 billion.
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Comments
Does Verizon have the money?
I know Verizon is a giant and has parent companies with deep pockets, with having just purchased all that spectrum and rattling off shares to help cover it, would they have the funds to acquire Alltel, even if Anti-trust lawsuits don't stop them?
No. They do have some cash so they will have to borrow the rest of the money from their banks. They would also assume Alltel’s $23.35b in long-term debt to Verizon’s long-term debt load.
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Verizon has hundreds of billions of dollars. Vodafone has even more. Buying Alltel is not a big deal to them.
Where's AlltelCSR07?
I don't hear him harping up more fake rumors about alltel is buying sprint.... weird.
i wish sprint would have bought alltel instead of nextel
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and keep the "red hot deal days singers"? I'll take Chad and the Wizard any day!
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My Circle?
If Verizon buys Alltel, I would like to see Verizon keep the My Circle going. Which in a way is better then the unlimited talk plans that Verizon offers. Any one with thoughts on this?
My Circle will die. Why would you need it when all VZW plans have unlimited VZW to VZW with the nations LARGEST wireless carrier! If your friends aren't VZW its time to get new friends.
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Jumping Ship
The my circle feature is not a solid feature, alltel says in its terms of use it can cancel the program for new and existing customers at any time. I don't think that Verizon will keep this and offer it to their customers. No offense to Verizon, but if they purchase Alltel, I will be leaving. Also, Alltel recently updated all their current phones where you can't use your own ringtones, so maybe Verizon and Alltel will be a perfect match!
kudos on th my circle thing...
regarding ringtones, i have had verizon service for a few years (had alltel from 02-06). on most of my verizon phones (except my moto razr) i can use my own rigntones. there is a way that any consumer can use them for m...
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regarding ringtones, i have had verizon service for a few years (had alltel from 02-06). on most of my verizon phones (except my moto razr) i can use my own rigntones. there is a way that any consumer can use them for m...
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You have to remember there are NO roaming rates with Verizon...they have a national plan..
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That is true that it will hurt Sprint, but not just on the roaming on the overall competitiveness of the entire marketplace. Of course, when you continue to take out carriers that hurt the ones who are suffering and currently that is Sprint. Perhaps i...
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Hmmm...
I'm sure Verizon knows what it's doing but the regulatory hurdles this will have to overcome will be gargantuan. I know Verizon and Alltel don't service many of the same areas, but I still think the amount of divestments that would have to be made would make it counterintuitive for Verizon to pursue.
But the price tag ain't too shabby...so who knows! Thoughts?
But the price tag ain't too shabby...so who knows! Thoughts?
i always thought it was only a matter of time before verizon bought them.
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Take South Dakota and Nebraska, for instance. In SD, VZW and Alltel are the two carriers. So VZW would have to spin off the Alltel towers and customers. In NE, it's VZW and US Cellular, and I kind of like it that way as 1, VZW can roam off of eithe...
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Just like jskrenes said, I think the regulatory hurdles might make a whole company purchase more difficult. North Dakota is a lot like South Dakota and Nebraska, so is Montana, so I'm sure there would be vast areas of divestiture. However, with Allt...
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What happens if they do...??
When companies get bought out, what happens to the employees, service locations, and the handset line-up?
Do Alltel employees auto-become VZW employees? or do they have to go and apply to be a VZW employee? Are the locations just converted or they just disappear?
Anyone know?.. what happened when at&t bought Cingular.
Do Alltel employees auto-become VZW employees? or do they have to go and apply to be a VZW employee? Are the locations just converted or they just disappear?
Anyone know?.. what happened when at&t bought Cingular.
at&t never bought Cingular. Cingular -> at&t was a name change.
Two things happen.
1.) Some employees become VZW employees.
2.) Some employees lose their jobs.
Two things happen.
1.) Some employees become VZW employees.
2.) Some employees lose their jobs.
Some employees will lose their jobs and some will join the company. They do not auto become VZW employees, as they need to basically beat out their competition. Towers, locations such as stores and others will be looked at to be shut down. Combination...
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i agree!
god i hope not. I have had alltel for years and have been happy with their service, network and the real kicker Cheaper prices(i know that verzion doesnt have a 39.99 plan like alltel does) and non-disabled phones .But this is nothing new. The rumor t...
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If they do, they have to keep the Wizard
Altel has the BEST commercials. Much better then any of the other providers right now. Chad and the Wizard must stay!
at&t + Cell One Dobson = VZW + Alltel
Now that at&t has shown it can be successful with Dobson, VZW is making the same move by getting Alltel. Now at&t and VZW can cover the entire state of Maryland for example instead of only the most populous areas.
