The third time must have been the charm for Verizon Wireless and regional cell phone operator Alltel.
Verizon Wireless supposedly has looked at buying Alltel twice in the past three years. And on Thursday it finally pulled the trigger, announcing that it plans to buy Alltel in a deal valued at $28.1 billion. As part of the deal Verizon will pay $5.9 billion and assume $22.2 billion in debt. The acquisition will make Verizon Wireless the largest cell phone company in the U.S., stripping AT&T of that title.
Verizon Wireless expects to close the … Read more