Verizon-Alltel deal to close Jan. 9

Verizon Wireless will officially close its $28.1 billion acquisition of Alltel on Jan. 9, according to Verizon Communications.

Verizon Wireless, which is jointly owned by Verizon Communications and Vodafone, passed all regulatory hurdles on the deal in December. The Federal Trade Commission gave the final approval last month and Verizon also has secured $17 billion in loans to complete the transaction. In addition, the company agreed to divest from 105 markets as part of the arrangement.

With the Alltel acquisition, Verizon Wireless will have nearly 80 million subscribers, surpassing AT&T Mobility as the top carrier in the United States. Verizon has said it will put a call center in Little Rock, Ark., where Alltel is based, but that it expects many Alltel jobs to be lost after the deal closes.

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