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Thursday, June 5, 2008
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Verizon Wireless reportedly in talks to acquire Alltel for $27 billion
Summary from multiple countries, from articles in English
Executives from Vodafone and Verizon, the US phone company in which the Berkshire-based group controls a 45 per cent stake, are understood to be in advanced discussions with Alltel, America's fifth-biggest cell phone operator. (article 3) The transformational deal would represent the swansong of Arun Sarin who is planning to step down this summer. (article 3) NEW YORK - Verizon Wireless is in talks to buy Alltel Communications, the country's fifth-largest wireless carrier by subscribers, for $27 billion, according to business news channel CNBC. (article 4) The internet service provider has been blocking e-mail originating from Great Britain and other parts of Europe for weeks, and customers are upset about having their communications disrupted without notice. (article 6) If completed, the deal would catapult Verizon Wireless, the joint venture between Verizon Communications and UK's Vodafone, back into the number one slot. (article 2) Details of the proposed deal, first reported on Wednesday by CNBC, are still being worked out and a person familiar with the situation at Alltel said: " There is no deal at this time. (article 2) If consummated, an acquisition would be the biggest telecom deal since AT&T Inc. bought BellSouth Corp. at the end of 2006. (article 5)

Other summaries about this story:
  • Summary from the United Kingdom, from articles in English (1 articles) [compare]
  • Summary from United States, from articles in English (6 articles) [compare]

  • Event tracking:
  • Track this story's development in time

  • Story keywords
    Alltel, Verizon, Wireless, Vodafone, at&t

    Source articles
    1. Verizon in talks to buy Alltel for about $27 billion: source (boston.com, 06/04/2008, 784 words)
    2. Verizon in talks to buy Alltel mobile network (ft.com, 06/04/2008, 392 words)
    3. Times Online (business.timesonline.co.uk, 06/05/2008, 548 words)
    4. Verizon Wireless reportedly in talks to acquire Alltel for $27 billion (seattletimes.nwsource.com, 06/04/2008, 184 words)
    5. Report: Verizon Wireless in talks to buy Alltel (seattletimes.nwsource.com, 06/04/2008, 327 words)
    6. Verizon's E-Mail Embargo Enrages (Wired, 06/04/2008, 107 words)
    7. T-Mobile gives families a break on unlimited plan (sfgate.com, 06/04/2008, 228 words)




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