Verizon Will Divest 15 More Markets to Acquire Alltel
Oct 10, 2008, 3:53 PM by Eric M. Zeman
This week, Verizon Wireless voluntarily offered to divest another 15 markets -- bringing the total to 100 -- in order to entice the FCC into approving its planned acquisition of Alltel. The markets are located in Alabama, Arizona, Georgia, Iowa, Minnesota, Nebraska, New Mexico, North Carolina, South Carolina and Utah. Verizon said it will give up one of the overlapping properties and spectrum in each the markets named. The FCC and U.S. Department of Justice need to approve the merger before it can move forward.
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