Outstanding Investment, Top stocks (Free subscription) | 07/03/2008
Debate over the future of oil prices and the US economy again grabbed the headlines this week. VERIZON COMMUNICATIONS' acquisition of rural wireless rival ALLTEL CORP, however, is a far more significant development for investors. Up until mid-2006, Alltel was considered America's premier rural phone franchise, with a steady wireline business and rapidly growing wireless operation. The company then...
The Tampa Bay Business Journal (Free subscription) | 07/02/2008
If Verizon Wireless' announced acquisition of Alltel Corp. had been complete at the beginning of the year, Syniverse Holdings Inc. could've witnessed a revenue shortfall of between $33 million and $36 million for 2008, about 7.7 percent of the projected $465 million revenue it expects to earn this year. (SVR) (VZ) (VOD)
Mashable (Free subscription) | 06/24/2008
Earlier this month, Google Finance, The Wall Street Journal, and CNBC all launched free real-time stock quotes for companies traded on the NASDAQ. Starting today, you’ll be able to do the same for companies traded on the New York Stock Exchange (NYSE), at least on Google Finance and CNBC. With the move, CNBC [...]
AAPL - BloggingStocks (Free subscription) | 06/23/2008
Filed under: Forecasts , Deals , Competitive strategy , Apple Inc (AAPL) , AT and T (T) , ALLTEL Corp (AT) , Verizon Communications (VZ) , Economic data During the challenging market conditions over the past year, the telecom sector has felt its fair share of the pain. Standard & Poor's Todd Rosenbluth suggests that some of these telecommunication stocks could now be good investments for traders as...
Red Orbit (Free subscription) | 06/23/2008
By Anonymous INVESTORS IN ALLTEL CORP. MUST BE LIVing right. While leveraged buyout deals were dropping like flies in the last half of 2007 - including the planned sale of Little Rock's own Acxiom Corp.
cellular-news (Free subscription) | 06/22/2008
It has been revealed that Alltel Corp tried to buy Sprint Nextel prior to being swallowed up in turn by Verizon Wireless a couple of weeks ago.
Astersk VoIP News (Free subscription) | 06/12/2008
Morgan Stanley has provided a $7.55 billion 364-day bridge loan to back Verizon Wireless' acquisition of Alltel Corp for $28.1 billion, including $22.2 billion in debt, according to Reuters Loan Pricing Corp. The 364-day loan matures June 4, 2009, and...
Wireless Federation (Free subscription) | 06/11/2008
Verizon Wireless says its planned acquisition of Alltel Corp has been on the cards for years and that the buy will not be a ‘game changer’ for Verizon. Referring to how Sprint’s fortunes have dipped after its acquisition of Nextel in 2005, Verizon Communications president and chief operating officer Dennis Strigl says Alltel represents a [...]
cellular-news (Free subscription) | 06/10/2008
Verizon Wireless's acquisition of Alltel Corp. isn't a "game-changer" that will throw the carrier off, said Verizon Communications President and Chief Operating Officer Dennis Strigl in a conference call Tuesday.
NewsFactor Network (Free subscription) | 06/09/2008
Verizon Wireless' deal to buy Alltel Corp. for $5.9 billion was applauded by investors and should mean a greater range of choices for Alltel subscribers, but some worried that Alltel's commitment to rural coverage will get lost. Dan Yahro in Bishop, Calif., close to the border with Nevada, has two options for wireless service: Alltel and Verizon Wireless. Now that one is buying the other, he wonders...
Mobility Today (Free subscription) | 06/09/2008
Verizon Wireless announced it would buy rural mobile phone service provider Alltel Corp for $28.1 billion, including debt, which would vault it to first place in the U.S. market ahead of AT&T Inc.
Matt's blog (Free subscription) | 06/07/2008
Gold Seek Retailers, oil companies fuel market rally Reuters.fr, France - Jun 5, 2008 Verizon Wireless said it will buy rural mobile phone provider Alltel Corp for 8.1 billion, including debt. Stocks rise following jobs report, retailer data The Associated Press Investor Optimism Gets the Upper Hand New York Times US stocks open higher as Verizon Wireless -Alltel talks confirmed Economic Times all...
Red Orbit (Free subscription) | 06/07/2008
By Peter Svensson The Associated Press NEW YORK - Verizon Wireless' deal to buy Alltel Corp. for $5.9 billion was applauded by investors and should mean a greater range of choices for Alltel subscribers, but some worried that Alltel's commitment to rural coverage will get lost.
The Wireless Weblog (Free subscription) | 06/07/2008
Photo courtesy of iStockphoto, Özgür Donmaz Verizon Wireless has announced plans to acquire Alltel Corp. for a whopping $28.1 billion in cash and assumed debt. "Alltel, with service mainly in the South and Midwest, has more than 13 million customers in 34 states, including Georgia," writes the AJC's David Ho . "The carrier also serves 57 mainly rural markets that Verizon does not. Adding Alltel's...
Boston Globe (Free subscription) | 06/06/2008
Verizon Wireless grabbed headlines this week after it agreed to buy Alltel Corp. for $5.9 billion in a deal that would oust AT&T Inc. as the largest U.S. cell phone service provider.
