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Verizon: Alltel Deal to Close Jan. 9

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posted Jan 4, 2009, 9:15 PM   by Eric M. Zeman

Verizon Wireless indicated in regulatory filings that it plans to close its acquisition of Alltel on Friday, January 9. Verizon is paying $5.9 billion for Alltel, as well as taking on $22.9 billion of debt. The acquisition will make the merged entity the largest wireless provider in the U.S., with 78 million customers.

more info at BusinessWeek »

 

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