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Sunday, November 22, 
10:26 pm

Verizon Wireless to buy Alltel?

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ThreeMotorolaPhones.jpgVerizon Wireless may be in talks to buy Alltel Corp. for about $27 billion from TPG Capital and Goldman Sachs Capital Partners, according to CNBC's David Faber

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Also on Dealscape

By acquiring the rural mobile service provider, Verizon Wireless would beat out AT&T Inc. as the largest mobile service provider in the U.S.

The buyout firms bought Alltel for $27.5 billion in November. Before the leveraged buyout, Dealscape surmised the possibility of an Alltel-Verizon Wireless deal over a year ago because the two use the same CDMA and EVDO wireless standards. - Maria Woehr

See Dealscape: Alltel answers calls from suitors
See Dealscape: Flowing towards the inevitable





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