Feeds

Verizon and Alltel join hands

Vodafone stays in background of $28bn deal

Intelligent flash storage arrays

Verizon's parent Vodafone has confirmed the second largest mobile operator in the US will soon take the top spot by acquiring Alltel for a total of $28.1bn.

The deal will see Verizon's subscribers base jump up to 80.4 million, making it the biggest in the USA when compared to AT&T's 71.4 million, but also giving it access to many rural areas where it lacks coverage. All this at a cost of less than $6bn in cash and responsibility for $22.2bn of Alltel's debt.

This morning we reported that a deal was on the table, and most of the details were accurate.

Verizon reckons it can save $9bn in synergies - laying off people in duplicate jobs, and removing some cell sites where both companies currently have coverage. Verizon and Alltel already have roaming agreements in place, and run compatible CDMA networks, so customers should have a fairly smooth transition.

Vodafone remains a minority partner what will be the largest US network operator. The UK-based company owns 45 per cent of Verizon Wireless, the rest belonging to Verizon Communications Inc, and there's no sign of the Vodafone branding on the other side of the pond, at least not yet.

The deal will still have to face regulatory approval, both the Department of Justice and the Federal Communications Commission will want a say in the agreement, but that's expected to be done and dusted by the end of this year. ®

Security for virtualized datacentres

More from The Register

next story
Crouching tiger, FAST ASLEEP dragon: Smugglers can't shift iPhone 6s
China's grey market reports 'sluggish' sales of Apple mobe
Sea-Me-We 5 construction starts
New sub cable to go live 2016
EE coughs to BROKEN data usage metrics BLUNDER that short-changes customers
Carrier apologises for 'inflated' measurements cockup
Comcast: Help, help, FCC. Netflix and pals are EXTORTIONISTS
The others guys are being mean so therefore ... monopoly all good, yeah?
Surprise: if you work from home you need the Internet
Buffer-rage sends Aussies out to experience road rage
EE buys 58 Phones 4u stores for £2.5m after picking over carcass
Operator says it will safeguard 359 jobs, plans lick of paint
MOST iPhone strokers SPURN iOS 8: iOS 7 'un-updatening' in 5...4...
Guess they don't like our battery-draining update?
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.