Verizon-Alltel Deal Given Green Light by FTC

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posted Dec 10, 2008, 1:40 PM   by Eric M. Zeman

The last potential roadblock standing between Verizon Wireless and its planned acquisition of Alltel has been cleared with approval of the deal by the Federal Trade Commission. The FCC and Justice Department have already approved the acquisition, which will cost Verizon $5.9 billion to become the nation's largest provider of wireless services. Verizon will divest over 100 markets around the country in order to meet the FCC's requirements.

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