Vodafone says Verizon Wireless in talks for Alltel
By Henry Tyler
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Posted 05 June 2008 @ 10:49 am GMT
Vodafone said on Thursday that Verizon Wireless is currently in advanced talks to buy US rural mobile service provider Alltel. Vodafone own a 45 per cent stake in US-based Verizon.
REUTERS/Stephen Hird
U.S. Congress roiled by Air Force tanker decisionA source familiar with the talks said that Verizon was close to buying Alltel for about $27 billion (£14 billion), including $23 billion in debts, reports Reuters.
Should the deal go ahead Verizon Wireless would become the top wireless service in the US, overtaking AT&T. The other 55 per cent of Verizon Wireless is owned by Verizon Communications.
This article is copyrighted by the International Business Times.
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