Verizon's move along with Vodafone Group PLC to purchase Alltel Corp. for $28.1 billion this year included a requirement from U.S. officials that it divest itself of 2.1 million wireless phone subscribers and radio spectrum in 22 states, The Wall Street Journal reported.
AT&T said Friday its purchase from Verizon included 1.5 million subscribers in mainly rural areas that are mostly former Alltel territories, the Journal said, adding that Verizon agreed to purchase a few service areas from AT&T for $240 million in a separate transaction.
An unnamed person familiar with the deal told the newspaper that AT&T made sure to avoid buying Alltel markets where it would gain too much market share and attract antitrust attention of its own.
Copyright 2009 by United Press International.
1.5 million users at $55 a
1.5 million users at $55 a month * 12 months, that's $990mil. Not a bad deal for them.
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