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Verizon offers to divest 15 more markets to sweeten the FCC

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Verizon offers to divest 15 more markets to sweeten the FCC
In its effort to make the deal between itself and Alltel as sweet as possible to the Federal Communications Commission (FCC), the company announced its intentions to divest 15 more markets, bringing the total divestiture to 100 markets. Verizon Wireless stated in a letter that it is "voluntarily committing to divest one of the overlapping properties in each of the 15 markets, together with the spectrum, customers and other assets used by that property."

The deal now goes into "final judgment" with the Department of Defense, and will be considered along with the original 85 markets that were targeted for divestiture.

Source: Arkansas Business and Howard Forums

Verizon offers to divest 15 more markets to sweeten the FCC

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1. T-Money3000 posted on 20 Oct 2010, 01:42

I can't wait til it's all finalized. I wonder if VZW will adopt the 'My Circle' deal. Not that VZW needs it... It's just a cool concept.

3. Midnight (unregistered) posted on 11 Oct 2008, 07:50

no chance

4. (unregistered) posted on 11 Oct 2008, 08:39

will not happen. it's the 'My Circle' plan that led to the downfall of alltel.

6. Fizzle (unregistered) posted on 11 Oct 2008, 09:17

I agree, Verizon still is the top cellular carrier. And advancing is only going to make them better, but where they need work is in the phone department. They must have the weakest selection of phones........... well other than Alltel.

9. t-money3001 (unregistered) posted on 11 Oct 2008, 10:15

you are an idiot . verizon will never get the my circle they cant even fix the menu to be legit and theres no way theyll change it to the my circle concepf...

12. (unregistered) posted on 11 Oct 2008, 10:27

How was the MY CIRCLE plan the cause of Alltels downfall? I really would like to know

21. (unregistered) posted on 11 Oct 2008, 11:58

whoa guy, its just a forum...nobody here came and killed your family, don't talk like they did

29. (unregistered) posted on 11 Oct 2008, 15:40

The My Circle plan, while convenient for the customer, was no way convenient for alltel. So many people used it that almost no one was being charged for minutes. It was a huge mishap and alltel ended up in debt and the best way to get out of it is to merge with VZW. I'm not sure if thats exactly how it went down, but something along the lines of that. My Circle lost alltel money, alltel gathered loads of debt, and the best way for the customers and employees to keep everything relatively smooth is if verizon buys out alltel.

30. (unregistered) posted on 11 Oct 2008, 15:56

WOW

39. (unregistered) posted on 12 Oct 2008, 11:54

Well thanks for you concept!

42. phone_queen1977 posted on 12 Oct 2008, 14:03

Goodness whats with the name calling?

44. Alltel Employee (unregistered) posted on 13 Oct 2008, 12:31

My Circle the downfall of Alltel? Alltel has shown record growth over the last 3 quarters and "My Circle" is the direct reason why this happened. The reason Alltel sold out is because the are owned by 2 banking firms that wanted to turn the company around for a profit. It only took 11 months for them to be able to do that because the "My Circle" that you claim is the "fall of Alltel" made them a customer friendly, profitable company. Now if you want to talk about a "fall of a company" why don't you take a look at another company that Alltel almost bought before the Verizon Merger. (i.e. Sprint/Nextel)

45. Another Alltel Employee (unregistered) posted on 13 Oct 2008, 13:12

This is true. If you happened to look at what stock prices were before the merger, they were considerably higher than that of Verizon stock prices. Also so you are aware, ATT is ranked the number one cellular company in the US in terms of customer base, so the would make Verizon NOT the top carrier as said in the above post.

48. (unregistered) posted on 13 Oct 2008, 16:28

Actually Alltel stock is worth nowhere near VZW stock, dont know where you looked, but it has never been anywhere near VZW. ATT is only the number one company in terms of totals customers because they included go phone sales in there customer base. VZW does not include its prepay options. So technically they show the largest but contracted customers goes to VZW, and will grow even large with the acquisition of ALLtel, yes it is an acquisition, not a merger. RCC was a merger, Alltel is not.

50. (unregistered) posted on 28 Oct 2008, 12:24

Ok for you that said Alltels stock is nowhere near VZW then since you know so much. When Alltel was purchased by the private equity firm over a yr ago what was the price at which they were purchased? Oh wait you dont know they were purchased at $72.50 a share ok so please explain to me when VZW was ever worth that as a company.

2. secondcor517 posted on 11 Oct 2008, 07:27

it sure would be a great way to stay the leader in the industry.

5. Lord VZW (unregistered) posted on 11 Oct 2008, 09:03

Death to Todd, Long live to Verizon Dork

7. ra ra shish boom ba (unregistered) posted on 11 Oct 2008, 09:56

it's chad yo

8. your all selohW ssA (unregistered) posted on 11 Oct 2008, 10:13

I think verizon is a horrible celullar company and ever since ATT combined with TMOBILE they came on top its because the @&#$ at verizon dont have anything better to do then create phones that only work in america the blackberry storm has been waiting to be launched for months and they cant even do that on time. verizon suckkkksss and everyone knows it .

10. anonymous12345 (unregistered) posted on 11 Oct 2008, 10:16

you mean att combined with cingular?

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