ATN Gets DoJ Consent to Buy Alltel Assets From Verizon

The U.S. Department of Justice has blessed Atlantic Tele-Network Inc.’s (ATNI) pending takeover of certain Alltel Corp. wireless properties. The FCC now is the last agency that needs to decide whether to approve the deal. ATN CEO Michael Prior said in a prepared statement he’s confident the FCC will follow the Justice Department’s lead. Last year, […]

Verizon Asks FCC for More Time to Divest Alltel Assets

The recession is so severe that Verizon Communications Inc.(VZ) is having a hard time selling the $3 billion worth of assets it needs to divest to complete the Alltel Corp. acquisition. To that end, Verizon has asked the FCC for 60 more days to sell its network holdings – including former Alltel subscribers – in […]

Verizon Wireless Assets Attract Big-Name Bidders

A prominent private-equity firm, two buyout companies, AT&T Inc. (T) and U.S. Cellular Corp. (USM) are among the entities said to be bidding for the assets Verizon Wireless must divest because of the Alltel Corp. acquisition. The deadline for bids was last week; the auction is private, though, so word on the competing bidders is coming from […]

Verizons Alltel Buy: DoJ Decrees Divestiture

One down, one to go. The Justice Department on Thursday gave Verizon Communications Inc. (VZ) the thumbs-up in its quest to buy Alltel Corp. However, it must say goodbye to assets in 22 states. That includes service in all of North Dakota and South Dakota, not to mention big portions of other states. Supposedly the […]

FCC to Tackle Pending Mergers on Election Day

Looks like the head of the FCC really is trying to push several big issues to a vote before a new president is elected. In November, the agency will hold its monthly on the fourth – Election Day – and the scheduled docket includes some weighty, long drawn-out matters. First, commissioners apparently will vote on […]

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