Subscribers in Charlottesville, Lynchburg, Madison Heights, Martinsville and South Boston, Va., this weekend became the first Alltel customers to be switched to Verizon Wireless-branded service since the company's $28.1 billion acquisition of Alltel closed in early January.
[1]Verizon spent the past few months integrating Alltel's network, switching over the billing systems, upgrading wireless broadband service and re-merchandising stores. Verizon's acquisition of Alltel made it the nation's largest wireless carrier in terms of total subscribers, with more than 80 million.
As a condition of the acquisition, Verizon agreed to divest 105 markets where its service overlapped with Alltel's. AT&T said in early May it would buy a large portion of the assets for $2.35 billion.
For more:
- see this release [2]
Related Articles:
AT&T buying some of Verizon's Alltel assets for $2.35B [3]
Verizon requests more time to sell Alltel assets [4]
Blackstone makes bid for Verizon's divested assets [5]
AT&T [6] bidding for Verizon's divested assets
Verizon-Alltel [7] deal leaves subscriber gaps
Verizon-Alltel [8] deal to close Jan. 9
Verizon [1] gets $17B in loans to complete Alltel deal
Links:
[1] http://www.fiercewireless.com/story/verizon-gets-17b-loans-complete-alltel-deal/2008-12-12
[2] http://www.fiercewireless.com/press-releases/verizon-wireless-opens-business-today-central-virginia-alltel-integration-completed-0
[3] http://www.fiercewireless.com/story/report-verizon-selling-alltel-assets-t-2-5b/2009-05-08
[4] http://www.fiercewireless.com/story/verizon-requests-more-time-sell-alltel-assets/2009-04-28?utm_medium=rss&utm_source=rss&cmp-id=OTC-RSS-FW0
[5] http://www.fiercewireless.com/story/blackstone-makes-bid-verizons-divested-assets/2009-04-07
[6] http://www.fiercewireless.com/story/t-bidding-verizons-divested-assets/2009-02-04
[7] http://www.fiercewireless.com/story/verizon-alltel-deal-leaves-service-gaps/2009-01-13?utm_medium=rss&utm_source=rss&cmp-id=OTC-RSS-FW0
[8] http://www.fiercewireless.com/story/verizon-alltel-deal-close-jan-9/2009-01-05