Alltel customers--welcome to the world of Verizon

Verizon Wireless Confirms Deal To Buy Rival Alltel For $28 Billion
http://money.cnn.com/news/newsfeeds/articles/djf500/200806051045DOWJONESDJONLINE000639_FORTUNE5.htm


Verizon Wireless has agreed to acquire regional wireless carrier Alltel Corp. for $28.1 billion in stock and debt, a deal that will create the nation's largest cellphone company and a more potent rival to AT&T Inc. (T).

The agreement comes just seven months after Alltel was sold to TPG Capital and a unit of Goldman Sachs Group Inc. (GS) in a $27.5 billion leveraged buyout. The rapid resale is a powerful sign of how the credit crunch is roiling the business world.

Under the deal, expected to close by the year's end pending regulatory approvals, Verizon Wireless will acquire Alltel's equity for approximately $5.9 billion and assume approximately $22.2 billion in Alltel's debt.

:bounce:

:bounce:

I hope he kicks the shit out of the wizard, too.

:woohoo: