Verizon is cleared to buy Alltel
The Federal Trade Commission has removed the last regulatory hurdle for Verizon Wireless’ purchase of Alltel Corp., which will create the country’s largest wireless carrier, the agency said.
The FTC’s antitrust regulators approved an early termination of their antitrust review, indicating that they had no objections.
The Federal Communications Commission and the Justice Department have signed off on the deal, with conditions that included the sale of some service areas.
Verizon Wireless is paying $5.9 billion and assuming $22.2 billion of Alltel’s debt.
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