Verizon Wireless in talks to buy Alltel Communications for $27B
http://biz.yahoo.com/ap/080604/verizon_wireless_allt ... »
very interesting... It would be awesome if that happened. Anyone else agree?
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very interesting... It would be awesome if that happened. Anyone else agree?
🙂
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The FCC might not allow this one but if they did it would be HUGE. I still think that VZ would have to divest so much of what they bought that it would not make it worth there wild. If it passed do you think that VZ would offer a version of the My Circle (I think that is what it is called)? I think if VZ used Alltel's rate plans that they would blow the competition out of the water.
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Wait ... I'm curious. Why did the shares drop after that announcement? I would imagine it would increase.
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stop changing every thread to something else...and stop calling people out. Its already annoying else enough that you wont leave this forum, no one needs you calling people out constantly, and changing thread titles everytime you post
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I'm not calling anyone out. U change thread all the time. Ill stop change the subject but u do to cwcanty.
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yes, I do it once in a while. Not everytime I post tho.
Half your posts today alone have been calling out individuals. No one needs that.
Half your posts today alone have been calling out individuals. No one needs that.
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Im really not trying to call anyone out. But I have seen you do that a time or two. Im really not trying to call anyone out. But it is going around work today
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No--you are trying to call people. If you weren't..you wouldn't change the threads titles to include peoples user names.
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i'm sorry chris. What do you think about the whole alltel thing? People at work think its going to happen. How would it help me?
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Funny...he says they won't sell...If memory serves, they sold already to a private holding company for just such a thing to happen. Oh look...all the things that were said during that time are coming true...it's the end of the world!....seriously though...this was inevitable and will eventually happen. Just imagine the commercials that are possible now 🤣
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ALL THE TALK AT EASTON
by BB2709 Today, 1:05 PM
It will never happen. Alltel wont sell. This post is a waste of time
🙄
by BB2709 Today, 1:05 PM
It will never happen. Alltel wont sell. This post is a waste of time
🙄
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im not very familiar with alltel, besides their my circle plan. They tend to have coverage in more outlying areas, atleast from what I can see.
I think it would be a good move for verizon, but there will prolly be a lot of pissed of alltel customers who might not be a huge fan of how verizon does business. I doubt this will even happen, but I guess only time will tell
I think it would be a good move for verizon, but there will prolly be a lot of pissed of alltel customers who might not be a huge fan of how verizon does business. I doubt this will even happen, but I guess only time will tell
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how many rumors can there be until it actually comes to fruit are my thoughts, yes we've heard this before..but i would guess that we are finally getting close to sale.
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yeah, I agree, there's obviously some truth to this rumor and it would prolly be a good move for verizon. I just think there will be a lot of pissed off alltel customers who may lose their my circle plans if verizon decides to take that away.
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At least here in VA we would gain the Charlottesville-Lynchburg chunk of the state we don't already have.
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Most of the time when there are talks of a buy out or a merger, the stocks for the company being bought out go up and the purchasing company stocks go down.
I'm sure that doesn't happen all the time, but thats what I've noticed when these types of things happen.
I'm sure that doesn't happen all the time, but thats what I've noticed when these types of things happen.
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tnt2k1 said:
Wait ... I'm curious. Why did the shares drop after that announcement? I would imagine it would increase.
Any time a compnay announces or there is a rumor of an aquisition the company OFFERING's stock goes down, Stock holders don't have a chance to digest the numbers and only see additional debt in many cases.
However the company being aquired stock ALWAYS goes up.
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There's no way this would happen. Verizon is currently paying of their 700mhz winnings and Alltel is a major threat to verizon. Alltel is secure enough and back by enough money that the price would never be low enough for verizon to purchase. Plus, how much money do they make off each other... I know in my area people port back and forth with verizon coming out ahead most the time.
This would create a MAJOR network and would be cool if it went through... but no chance
This would create a MAJOR network and would be cool if it went through... but no chance
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what do you mean by "good chance" both networks and doing just fine, why does alltel feel the need to sell? Alltel/Verizon should be looking to acquire sprint... More customers, and it a struggling company that they may/may not be able to pick up and a "desperate price"
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Alltel was purchased by private investors looking to sell the company not too long ago.
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from my understanding altell was sold and it was only a matter of time before the right buyer came along. sprint is a disaster verizon is to smart to by that mess..verizon knows what it's doing it clearly sees value in altell.
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VZW would save money from not having to pay for roaming agreements with altell. although both compaines have similar footprints (VZW's being larger) it would increase service in some low areas. Both are CDMA, so integrating would not be an issue. It gives VZW i think 20 mil customers. I say go for it. If you have that many customers you have the ability to do whatever you want with you rate plans.
While i doubt VZW would adopt "my circle" they may be able to drop prices. Or maybe use the my circle as a $5 or $10/mo add on feature.
Customers would benefit from a larger/wider network and more IN calling customers.
I see it as a good thing. Plus then I might be able to get a rumor/scoop on vzw 🙂
While i doubt VZW would adopt "my circle" they may be able to drop prices. Or maybe use the my circle as a $5 or $10/mo add on feature.
Customers would benefit from a larger/wider network and more IN calling customers.
I see it as a good thing. Plus then I might be able to get a rumor/scoop on vzw 🙂
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liquidfire said:
VZW would save money from not having to pay for roaming agreements with altell.
good point
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don't waste your time Rob the guy just trolls and is once again trying to derail a good thread.
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Why would it be good for verizon? What areas of the country is alltel make a presence?
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Anybody who says Alltel won't sell they're in denial. The fact is, they already sold to a private firm! Alltel don't even own themselves, and they're not gaining alot of customers. So a buyout would be great! They would become the nations largest most reliable network! 😁
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AllTel ONWT SELL? DO you really believe the private equity holders of ALLtel will not take the one time chance to actually make some money on their investment. The only reason people START cmpanies most of the time is to SELL them.
AllTel will sell. But they have to get a price that exceeds the millions they are ALREADY getting and will continue to get from Verizon,
With LTE around the corner AllTel may not have another chance to sell but will have to spend a ton to upgrade. I believe they will sell at a good price.
The Verizon will screw with the leading customer satisfactory CDMA Carrier in the SE and they will lose a huge portion of the customer base....
AllTel will sell. But they have to get a price that exceeds the millions they are ALREADY getting and will continue to get from Verizon,
With LTE around the corner AllTel may not have another chance to sell but will have to spend a ton to upgrade. I believe they will sell at a good price.
The Verizon will screw with the leading customer satisfactory CDMA Carrier in the SE and they will lose a huge portion of the customer base....
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Curious to see how many customers Verizon would net in the deal AFTER divestitures. There is a significant amount of overlap and those areas that do not have a pretty sparse population.
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I think it is interesting. For one, I do not think Verizon really needs Alltel because they can get 13 million customers on their own and it will not be 13 million customers it will obviously be less then that due to regulatory issues that will arise from overlaps. They can get 13 mills organically in a few years without spending/borrowing the $27B to buy Alltel. However, 2. It allows VZ to further make them an even a stronger player against AT&T and further themselves away from Sprint and T-mobile.
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VZW would benefit so much from this purchase. Even if they don't get the 13 million customers, who cares? like you said, they can just grow. The main thing would be getting all that spectrum. There's a bunch of roaming areas that VZW has agreement w/ Alltel- VZW coverage would be massive!
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They would benefit but not so much. They already have spectrum and a lot of subscribers and with the potential merger, which they did not even offer GS anything yet, would require divestitures, as there is a lot of overlap. They would seek $900m in synergies per year of which $450m or so will be from roaming so that is the great thing. The other great thing is getting Alltel’s rural areas. The problem comes to mind is that do they really need to purchase Alltel for $27B just to gain access in the rural areas or could they do it themselves for a lot less?
So granted there are some good things that could arise from this potential merger but I think the key question is, can Verizon go into the rural areas and/or gain 13 million subscrib...
(continues)
So granted there are some good things that could arise from this potential merger but I think the key question is, can Verizon go into the rural areas and/or gain 13 million subscrib...
(continues)
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nextel18 said:
. So again, is it worth the $27B to buy Alltel just to gain access to the rural markets?
I don't know. Verizon takes a lot of pride in claiming the largest coverage area. Most of this is in areas where the buffalo roam.
To take on that kind of debt on top of their current load...Well somebody had be doing some number crunching.
This is not like Suncom/T-Mobile either. AllTel customers will not be happy about this as they will be LOSING services. AllTel has a higher CS rating than Verizon in their major SE area.
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They will be losing service because JD Powers gave Alltel a higher rating in the SE. What is your source here? How will they "lose" service???
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lilgabe1 said:
They will be losing service because JD Powers gave Alltel a higher rating in the SE. What is your source here? How will they "lose" service???
Do you really believe Verizon will keep My Circle for Alltel customers? Thats a nhuge loss for ALlTel customers. JD powers rated ALLtel number one in the SE
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“To take on that kind of debt on top of their current load...Well somebody had be doing some number crunching.†This is most important. Credit is very expensive even though Verizon does have a very good credit rating. They paid off their debt a lot lately but now they ad $27B back is a bit strange. Of course, there will be savings but in this environment, spending extra is not always good.
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joe is just here to be a cold water thrower, he is speaking for altell entire customer base now 🙄 ...joe get a clue!
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AvgJoe said:
I don't know. Verizon takes a lot of pride in claiming the largest coverage area. Most of this is in areas where the buffalo roam.
To take on that kind of debt on top of their current load...Well somebody had be doing some number crunching.
This is not like Suncom/T-Mobile either. AllTel customers will not be happy about this as they will be LOSING services. AllTel has a higher CS rating than Verizon in their major SE area.
Big boys don't cry, Joe. 😁
Your precious GSM carrier, ATT, will be #2. Get used to it.
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SystemShock said:AvgJoe said:
I don't know. Verizon takes a lot of pride in claiming the largest coverage area. Most of this is in areas where the buffalo roam.
To take on that kind of debt on top of their current load...Well somebody had be doing some number crunching.
This is not like Suncom/T-Mobile either. AllTel customers will not be happy about this as they will be LOSING services. AllTel has a higher CS rating than Verizon in their major SE area.
Big boys don't cry, Joe. 😁
Your precious GSM carrier, ATT, will be #2. Get used to it.
I could give a crap about ATT. Im not fan of ATT I have not even signed a contract with them since the T637. I could not...
(continues)
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great joe. thats really cool. go talk about gsm in a related forum. vzw has nothing to do with it. at&t or tmobile. go tell them how much you like it.
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AvgJoe said:SystemShock said:AvgJoe said:
I don't know. Verizon takes a lot of pride in claiming the largest coverage area. Most of this is in areas where the buffalo roam.
To take on that kind of debt on top of their current load...Well somebody had be doing some number crunching.
This is not like Suncom/T-Mobile either. AllTel customers will not be happy about this as they will be LOSING services. AllTel has a higher CS rating than Verizon in their major SE area.
Big boys don't cry, Joe. 😁
Your precious GSM carrier, ATT, will be #2. Get used to it.
I could give a crap about ATT. Im not fan of ATT
LOL! Nahhhh.... 😁
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(continues)
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SystemShock said:...AvgJoe said:SystemShock said:AvgJoe said:
I don't know. Verizon takes a lot of pride in claiming the largest coverage area. Most of this is in areas where the buffalo roam.
To take on that kind of debt on top of their current load...Well somebody had be doing some number crunching.
This is not like Suncom/T-Mobile either. AllTel customers will not be happy about this as they will be LOSING services. AllTel has a higher CS rating than Verizon in their major SE area.
Big boys don't cry, Joe. 😁
Your precious GSM carrier, ATT, will be #2. Get used to it.
I could give a crap about ATT. Im not fan of ATT
(continues)
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Yawn. I don't have to do a thing, Joeykins. You hump exactly three legs, in this order, and everyone knows it:
1) GSM (ancient tech)
2) Nokia (upstaged by Apple)
3) ATT ("We're #2! Booyah!")
LOL. 🤣
1) GSM (ancient tech)
2) Nokia (upstaged by Apple)
3) ATT ("We're #2! Booyah!")
LOL. 🤣
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SystemShock said:
Yawn. I don't have to do a thing, Joeykins. You hump exactly three legs, in this order, and everyone knows it:
1) GSM (ancient tech)
2) Nokia (upstaged by Apple)
3) ATT ("We're #2! Booyah!")
LOL. 🤣
GSM......FLEXIBLE and FREE. Oh yeah and your "ancient technology" is the base for Verizons claimed next technology......LTE Of course Verizon will make it technically superior when they find a way to make you pay for what others can afford to give away.
NOKIA...Upstaged? LOL Nokia is not EVEN ON THE STAGE. They don't have to be. They are not a fad based companie with slick advertising. They quietly make great featured phones and let the savvy seek them out. Read HF. Nokia users...
(continues)
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Like I said, those are the three legs you hump (plus whatever else you do in your personal life).
Thanks for proving the point. 😉
Thanks for proving the point. 😉
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Your analysis is lacking. The big win is that Alltel and VZW won't have much improved roaming footprints. Also, VZW will have service in rural areas where they didn't before.
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Well, VZW will save more than $450m per year just on roaming. More importantly spending $27B to just go into the rural areas I do not think is a great decision, but we have to see.
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nextel18 said:
I do not think is a great decision, but we have to see.
right but at one time you thought sprint was going to be the king of wireless! 😉
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If they executed their plans on the merger of course, everyone did. Nevertheless, spending that much just to gain access to that area is quite a lot.
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it is alot of money but I believe in a few years it will no doubt have paid for itself. VZW isnt going anywhere they make huge profit every quarter and this is only going to improve the size of that profit.
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Oh that’s a given but I am just saying perhaps if they go in themselves they would have paid a lot less. Of course, there is no way of knowing because they can just buy an existing franchise, which is a smarter way to enter into markets. At the $1b synergies (not the 1st year), they are expecting per year ($9B total) and it has supposed to go up further every year should soon offset that $27B. The most important question now is will the antitrust regulators approve the deal and if they do what are the conditions. We know there will obviously be some but we shall see.
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nextel18 said:
If they executed their plans on the merger of course, everyone did. Nevertheless, spending that much just to gain access to that area is quite a lot.
They want to claim largest coverage area. As if the guy who doesn't travel much cares about that. ALlTel customers would ALREADY be Verizon customers IF they travelled alot!!
This is good for corporate bragging rights. But not for ALLtel customers. There is no benefit to them at all. Maybe for a handful they won't pay for roaming. The rest will lose My Circle, free ringtones and the other perks the regionals give away,
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Well you never know. There will be $9B of synergies that they expect from this deal so they might pass it on to shareholders, pay their debt, or back to customers. However, you are right I think customers don’t benefit that much. Just a bit more extended coverage in rural and some other areas as mentioned in the map.
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lol...i can just picture you with a huge smile on your face today...just saying...I told ja so!
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🤣 pretty much Chris...i think its great news...just knowing all the extra coverage makes me happy.
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Yeah this is pretty cool. Now there really should be no argument as to who is top dog in wireless.
Lets just hope they handle the merger better than the Sprint/Nextel debacle.
Lets just hope they handle the merger better than the Sprint/Nextel debacle.
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cwcanty said:
Lets just hope they handle the merger better than the Sprint/Nextel debacle.
They will they're not retarded like Sprint! 🙂
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Yeah I agree.
Forget about this merger, where the hell is the BB thunder news! Im going nuts waiting for a pic of that bad boy.
Forget about this merger, where the hell is the BB thunder news! Im going nuts waiting for a pic of that bad boy.
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Lowell and the gang will not have any foolishness like Sprint and Nextel did. I wonder if they ever thought about buying Nextel...
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If you did your homework...no one would have ever bought nextel. To me, its way too much of a niche market. I don't think it would be worth the hassle at all.
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WoW! I can not believe this happened! I have worked for Verizon for just over four years. Where I live we have three carriers, Alltell, a pion company called Chinook or they just changed their name to Cellone, and us. So I wonder how this is going to affect the situation with the stores. There is four Verizons in this town, and about 12 Alltel stores.
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I don't think they will close many stores. I think we will have to sell more products and services. Also, VZW will not have to build stores that they were planning on building in some of these areas.
What part of the country are you in?
What part of the country are you in?
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I heard that most of the employees that are going to be let go are from marketing...but im not sure where I heard that...ive read alot on this the past two days
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