Verizon offers to divest 15 more markets to sweeten the FCC

posted by PhoneArena Team / Oct 11, 2008, 2:36 AM

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

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50 Comments

1. T-Money3000 unregistered

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.

posted on Oct 20, 2010, 1:42 AM 0

3. Midnight unregistered

no chance

posted on Oct 11, 2008, 7:50 AM 0

4. unregistered

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

posted on Oct 11, 2008, 8:39 AM 0

6. Fizzle unregistered

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.

posted on Oct 11, 2008, 9:17 AM 0

9. t-money3001 unregistered

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...

posted on Oct 11, 2008, 10:15 AM 0

12. unregistered

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

posted on Oct 11, 2008, 10:27 AM 0

21. unregistered

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

posted on Oct 11, 2008, 11:58 AM 0

29. unregistered

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.

posted on Oct 11, 2008, 3:40 PM 0

30. unregistered

WOW

posted on Oct 11, 2008, 3:56 PM 0

39. unregistered

Well thanks for you concept!

posted on Oct 12, 2008, 11:54 AM 0

42. phone_queen1977

Posts: 10; Member since: Aug 13, 2008

Goodness whats with the name calling?

posted on Oct 12, 2008, 2:03 PM 0

44. Alltel Employee unregistered

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)

posted on Oct 13, 2008, 12:31 PM 0

45. Another Alltel Employee unregistered

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.

posted on Oct 13, 2008, 1:12 PM 0

48. unregistered

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.

posted on Oct 13, 2008, 4:28 PM 0

50. unregistered

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.

posted on Oct 28, 2008, 12:24 PM 0

2. secondcor517

Posts: 94; Member since: Oct 06, 2008

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

posted on Oct 11, 2008, 7:27 AM 0

5. Lord VZW unregistered

Death to Todd, Long live to Verizon Dork

posted on Oct 11, 2008, 9:03 AM 0

7. ra ra shish boom ba unregistered

it's chad yo

posted on Oct 11, 2008, 9:56 AM 0

8. your all selohW ssA unregistered

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 .

posted on Oct 11, 2008, 10:13 AM 0

10. anonymous12345 unregistered

you mean att combined with cingular?

posted on Oct 11, 2008, 10:16 AM 0

13. unregistered

ok for one att merged with cingular...get your facts straight. secondly verizon doesnt make any phones...they purchase them, and just to let you know when the storm is launched verizon will have 3 global phones. the BB storm has never had a release date so how could it get pushed back. oh and ummm how many times has ATT pushed back the BOLD....its still in the testing phases! EVEN BLACKBERRY doesnt know why it hasnt been released...get a life

posted on Oct 11, 2008, 10:31 AM 0

15. unregistered

Verizon is obviously doing something right to be one of the top cellular companies in the nation and have the highest stock value (check out nyse.com), and if you look at worldwide they are combined with Vodaphone, which is the largest cell phone company in the world with over 250 million customers (not that I expect you to keep up with that since you think AT&T and T-Mob merged...idiot). How are they a horrible company? Also Verizon is planning on adding 4 more phones to their global lineup pretty soon (Samsung u810 & i770, Novatel Global USB aircard, Moto Q9 Napolean). Don't forget they also have their Open Handset Development that is estimated to start the end of this year that will allow people to bring any CDMA handset to Verizon and start service with it as long as it had been certified. So how are they a horrible company again?

posted on Oct 11, 2008, 11:06 AM 0

19. unregistered

this guy is complaining about how long verizon took to release the storm it wasent announced till last month wonder what happened to the att bold that was announced how long ago keep talk #@$#bag everone on here is a hater of some wireless company u all cry about who is better this site is to announce phones and reveiw them not for people to come on here and b#$%^

posted on Oct 11, 2008, 11:45 AM 0

25. unregistered

Verizon Wirless is a joint venture between Verizon Communications and Vodafone of europe. It is also a privately held company ( not publically traded on the stock market) VZ communications is traded so you have know way of knowing what they would trade.

posted on Oct 11, 2008, 12:20 PM 0

28. unregistered

Exactly. Also isn't verizon switching to LTE or something? I'm pretty sure thats a worldwide thing.

posted on Oct 11, 2008, 3:37 PM 0

34. unregistered

OMG!! 3 global phones... that's great, seeing as how every phone at&t makes can be used globally lol

posted on Oct 11, 2008, 7:26 PM 0

36. unregistered

Uhh, you do realize that less than 10% of customers actually leave North America? And more than 8% of those 10% know that they are leaving the country often, and therefore have the option to choose a phone that will work overseas? That leaves a very small percentage of people. But if you ask me, I'd rather have Verizon's CDMA network. Seeing as it works where I live, and all over the USA. Something I can't say about ATT's droptastic GSM network.

posted on Oct 11, 2008, 9:53 PM 0

43. unregistered

so vodaphone is pretty much the s*** around the world and verizone is pretty much the s*** in the us....??? so that makes them the s*** squared? and i think its freakin tight how verizon is in 2nd place for largest wireless provider in the us and theyre all on there own. at&t had to merge with cingular to become the biggest and they dont even have that big of a lead. then theres sprint who had to merge with nextel and theyre still no tas good as verizon. idk guys....... thats pretty impressive. but can someone honestly answer the question without $#@$@#$ around... who is the best wireless provider in the US altogether and then who is the best around the world altogether. i just kinda want somebody to say verizon and vodaphone so that i will really know that they are badass and everyone else is just jeaolous. dont piss on my campfire please oh and lets keep to mainly facts... not a big fan of biased soutions. hahahahahahahahahaha

posted on Oct 12, 2008, 6:16 PM 0

46. unregistered

Do you not realize (probably not) why Verizon has to make specific phones global?..... Because they are a GSM carrier, which is the standard used throughout Europe and most the rest of the world due to their geographic areas. Verizon on the other hand is a CDMA carrier which is used for the majority in the US. So due to the fact the there are no CDMA carriers in "rest of the world", Verizon has to make phones that will work with both CDMA and GSM technologies. Take a look at the coverage maps comparing Verizon/Alltel (both CDMA) opposed to T-Moble/AT&T and you can clearly see and coverage differences based off of network technologies used.