Justice Department Approves Verizon’s Acquisition of Alltel
October 30, 2008 at 21:47 PM EDT
The Department of Justice approved Thursday the $28.1 billion planned acquisition of Verizon Wireless (VZ) and regional cell phone operator Alltel Corporation. The acquisition, if approved by Federal Communications Commission [FCC] on November 4, will make Verizon Wireless the largest cell phone company operator in the U.S., stripping AT&T (T) of that title. By adding [...]
