Verizon Seeks Extension in Alltel Asset Spinoff
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.
Verizon to Sell Landline Biz to Frontier for $10 Billion
Verizon Communications today confirmed plans to sell part of its wireline telephone and internet business to Frontier Communications for $10 billion. The deal covers Verizon's consumer and business assets in California, Florida, and Texas.
AT&T Replacing Alltel Brand with Its Own Across Georgia
AT&T today said beginning Dec. 10 all Alltel stores and services across Georgia will be rebranded under the AT&T name.
Verizon Seeking Permission from FCC for WiFi Calling
Verizon Wireless has requested a waiver from the FCC so it can eventually offer WiFi calling to its customers. The waiver is needed because TTY services, which carriers are obligated to offer, are not reliable over WiFi.
Verizon Sees No More Big Spectrum Grabs In Its Future
Verizon today said it doesn't believe it will need to make any more large spectrum acquisitions following the results of the recent AWS-3 spectrum auction. Verizon netted 181 spectrum licenses at a cost of $10.4 billion.