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Verizon Seeks Extension in Alltel Asset Spinoff

Apr 29, 2009, 12:40 PM by Eric M. Zeman

Verizon Wireless has formally requested more time from the Federal Communications Commission to divest assets it acquired through its purchase of Alltel. The FCC required the divestitures in order for Verizon to acquire Alltel, a deal that closed earlier this year. Those assets include more than 90 markets covering some 2.2 million customers. The "Request for Extension of Management Period" filed should give Verizon and those interested in acquiring its assets an additional 60 days to close the divestitures. If approved, the new date by which Verizon will need to sell off all the Alltel properties would be July 8. Verizon cited the economic climate and complexity of the divestitures as reasons for its request.

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Comments

This forum is closed.

This forum is closed.

murmermer

Apr 29, 2009, 2:57 PM

Say Yes!!

then charge them $15 million per month of extension to help pay off the national debt... everyone wins

VZW611LA

That was really stupid. Maybe if the goverment would watch who they are giving money to, it would be alot better. And stop wasting it on STUPID stuff, like that photo shoot in NYC this past week of Air Force One. Almost $500,000.00 was spent of TAX pa...
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Mark_S

Verizon has more money than what they know what to do with already and a penalty for the extension would not hurt them. Enough money already goes into the pockets of the big managers over there. As our illustrious leader so puts it, "Spread the wealth...
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