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. ®

Security for virtualized datacentres

More from The Register

next story
TEEN RAMPAGE: Kids in iPhone 6 'Will it bend' YouTube 'prank'
iPhones bent in Norwich? As if the place wasn't weird enough
Consumers agree to give up first-born child for free Wi-Fi – survey
This Herod network's ace – but crap reception in bullrushes
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
New EU digi-commish struggles with concepts of net neutrality
Oettinger all about the infrastructure – but not big on substance
PEAK IPV4? Global IPv6 traffic is growing, DDoS dying, says Akamai
First time the cache network has seen drop in use of 32-bit-wide IP addresses
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?
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.