NEW YORK (AFP) - Verizon Wireless has agreed to buy mobile carrier Alltel in a deal worth 28.1 billion dollars, including debt assumption, the companies said Thursday.
Verizon Wireless, a joint venture of US telecoms giant Verizon and Britains Vodafone, struck the deal with the private equity group that bought Alltel a year ago for 27.5 billion dollars.
Under the terms of the agreement, Verizon Wireless will acquire the equity of Alltel for approximately 5.9 billion dollars and assume the companys debt of 22.2 billion dollars.
The deal potentially gives Verizon Wireless, the second biggest mobile phone company in the United States with 67 million customers, control over the fifth largest, Alltel with 13 million.
The combined group would have more American mobile phone customers than AT&T which has 71.4 million.
Verizon Wireless, a joint venture of US telecoms giant Verizon and Britains Vodafone, struck the deal with the private equity group that bought Alltel a year ago for 27.5 billion dollars.
Under the terms of the agreement, Verizon Wireless will acquire the equity of Alltel for approximately 5.9 billion dollars and assume the companys debt of 22.2 billion dollars.
The deal potentially gives Verizon Wireless, the second biggest mobile phone company in the United States with 67 million customers, control over the fifth largest, Alltel with 13 million.
The combined group would have more American mobile phone customers than AT&T which has 71.4 million.
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