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Verizon Outlines Alltel Integration Plan

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Top message:  What exactly was the point of this merger? by bluecoyote   Jan 12, 2009, 4:13 PM

Replying to:  Re: Capital for Goldman Sachs and TPG Capital by algorithmplus   Jan 12, 2009, 6:07 PM

Re: Capital for Goldman Sachs and TPG Capital

by alltelcustomer    Jan 14, 2009, 8:13 AM

Alltel was profitable and doing well. Upper management split the company's wireline and wireless businesses to make it easier to sell the wireless side.

Then, they sold to TPG/Goldman Sachs which eliminated stockholders and took the company private. AND, added a large amount of debt, because the buyers put very little down. They added no value and loaded up the company with debt.

Then, Verizon buys Alltel. I have nothing against Verizon. It's the people who sold out Alltel to profit the few that bothers me.

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