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Verizon to Buy Alltel for $28 Billion, Vaults Past AT&T as No. 1 U.S. Mobile Provider

Jun 5th, 2008 | By Mike Caggeso | Category: Politics & Economics

Verizon Wireless has agreed to buy Alltel Corp. (PINK: ALTEO) for $28.1 billion in a deal that should vault Verizon past AT&T Inc. (T) as the country’s No. 1 mobile phone company.

Tags: Alltel, ALTEO, AT&T, economics, France Telecom, FTE, Goldman Sachs, GS, Nextel, RCCC, SHEN, Sprint Nextel, TKG, TLSNF, US stocks, USM, Verizon, VOD, VZ
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