Feeds

Verizon and Alltel join hands

Vodafone stays in background of $28bn deal

Providing a secure and efficient Helpdesk

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. ®

Protecting against web application threats using SSL

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
Apple Watch will CONQUER smartwatch world – analysts
After Applelocalypse, other wristputers will get stuck in
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.