Verizon Buys Alltel Wireless To Expand EVDO Network

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Thursday, 05 June 2008

Verizon Buys Alltel Wireless To Expand EVDO Network

Verizon in talks to buy Alltel

In their quest to become the cellular carrier with the largest network, Verizon Wireless has agreed to terms to acquire Alltel Wireless for a deal worth about $28 billion.

After the acquisition Verizon will have about 80 million subscribers, putting them ahead of AT&T's 71 million.

The buyout will also provide Verizon with undoubtedly the largest EVDO data network, and quite possibly the largest 3G cellular network of any kind.

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Last Updated ( Thursday, 05 June 2008 )
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