Alltel and Verizon “make it legal” January 9th.
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Alltel and Verizon “make it legal” January 9th.

January 5, 2009 – 2:06 am – No Comment

After half a year of talking, Alltel and Verizon Wireless will become the nation’s largest carrier, beating out AT&T Wireless by 3 million customers.

Together, they have 78 million subscribers.

Verizon is putting up $5.9 billion to buy out Alltel and will be assuming $22.2 billion in debt from the company.

The bad news is that Alltel’s Little Rock headquarters will likely lose most of it’s 3,000 jobs. Verizon says that it will keep a call center there, but the higher paying jobs will likely be lost.

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Jeremy
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