FCC Approves Verizon Wireless Acquisition of Alltel

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posted Nov 4, 2008, 4:38 PM   by Eric M. Zeman

The FCC has added its stamp of approval to the planned acquisition of Alltel by Verizon Wireless. The FCC voted 5 to 0 in favor of the deal. The FCC is attaching several conditions to the deal, including a requirement that Verizon Wireless honor Alltel's existing roaming agreements for four years. Verizon will also have to divest spectrum in 22 states, per the Department of Justice's approval of the deal.

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