Verizon Wireless Agrees to Divestitures to Acquire Alltel
Article Comments 41
Jul 23, 2008, 3:39 PM by Eric M. Zeman
updated Jul 23, 2008, 3:47 PM
In order to meet Department of Justice approval, Verizon Wireless agreed to divest some assets with the hope that the concessions will allow its intended purchase of rural cellular provider Alltel to move forward. Verizon agreed to sell off 85 markets across 18 states, mostly in rural areas where its services overlap with Alltel's. Verizon also agreed to certain roaming conditions. These two concessions do not, however, mean that the sale has been approved. Verizon Wireless may still have to take further action to meet regulatory requirements.
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So what does this exactly mean?
Verizon will suffer Divestitures or Selling of markets (Alltel's not theirs) in order to gain an approval by the DOJ.
Verizon perposes 82 Markets MSA not REGIONS
Alltel Customer within 82 Divested Markets:...
what will they be getting rid of...
in my area, there is a huge verizon hub, next to a huge alltel hub, and there are several alltel stores littered among the town as well...
feel bad for those who might lose their careers
Albuquerque, New Mexico?
I was thinking if Alltel's ABQ network is divested, it could possibly end up with Cricket.
I am also wondering though, could MetroPCS or US Celluar buy the Albuquerque Alltel network to gain a foothold here if it is divested? Of course, it would be the entry of a carrier that nobody in Albuquerque has ever heard of.
In the past it has not been uncommon to see complete new company names appear.
It is likely that Albuquerque is on the target list.
This is not a guarentee that it will be divested becuase if the spectrum holdings arent too high...
will these "excess bands" go to att?
will VZW do the same?
Targeted Divesture Map
The map shows the areas they plan on selling off.