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Home»BlackBerry News»News & Rumors

Verizon To Buy Alltel in Billion Dollar Deal

by James Falconer on 5 Jun 2008 10:36 AM
13
 

Verizon to Buy Alltel - Is This the End of Alltel Guy?Our bud Dieter over at WMExperts has reported that Verizon is gearing up to buy Alltel.

Verizon is reportedly coughing up $5.9 billion in cash, and will take on $22.2 billion in debt for a total investment of $28.1 billion dollars. Yikers, now that's a lot of cash!

Alltel had been rumored to be hunting for a buy-out for some time now, and this just serves to confirm that rumor.

Lets hope that Alltel customers get the same level of quality, customer service that Alltel provided (at least that's what I hear). With Verizon becoming, dare I say it... a 'behemoth', one would think that customer service might suffer a tad? On the flip side, Alltel 'widows' will probably enjoy improved roaming on Verizon's network.

Read more over at WMExperts >

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13 Comments

Posted by atlas9171 Thursday, Jun 05, 2008 1452 days ago

Well this sucks big time...I like alltel the way it is now verizon is going to screw it up.

 
 
Posted by rpalumbo Thursday, Jun 05, 2008 1452 days ago

Hey Chad, can you hear me now?!?!?!

LMAO

 
 
Posted by Hi-Definition Thursday, Jun 05, 2008 1452 days ago

Alltel would still operate under the name 'Alltel'? There are MANY examples of companies that are bought out by other companies; yet these companies that have been bought out; still retain their identity...the only difference being is that they are a subsidiary of a different (parent) company now.

If Alltel still operates under their name, identity and way of doing business (that apparently Alltel customers like)...then maybe this buyout won't be perceived so 'sucky'.

 
 
Posted by Bla1ze Thursday, Jun 05, 2008 1452 days ago

With the aquisition of Alltel, VZW will knock AT&T off the block as the largest US carrier by approx. a million or so customers, personally I can't see how this is good for Alltel customers but maybe that's just me.

Warning lil potshot at Dieter: Anyone notice the uncanny resemblance between Dieter and Chad lol!! Scary (lol sorry Dieter, I know Malatesta hits you with that all the time, but it's sooo true :P )

 
 
Posted by oaussieo Thursday, Jun 05, 2008 1452 days ago

I worked for Alltel (Allhell) and I have to say I hope Verizon knows what they are getting into...

I hope it all works out.

 
 
Posted by Bla1ze Thursday, Jun 05, 2008 1451 days ago

Can't be any worse then the whole Cingular/AT&T/Bellsouth/Dobson/EDGE Wireless mergers, trust me I was there for the whole "I don't wanna switch to cingular, you can't offer me the same plan"..now all those "old" AT&T customers want their "old" AT&T Plans back again since ya know, AT&T is well...AT&T again...

*feels a headache coming just thinking about it*

 
 
Posted by Lizzard Thursday, Jun 05, 2008 1451 days ago

I hope the services don't change with Alltel. I've compared my services with other services my friends have with other providers and I come out on top. This is not good news!!!

 
 
Posted by Stan G Thursday, Jun 05, 2008 1451 days ago

I left Verizon because they screwed me out of a couple hundred dollars and went to Alltel. Never had a problem since. Always have had good coverage with Alltel (and I live in WYOMING)... If this is true, I think I'll start looking for another cellphone company. I WON'T go back to Verizon. The still owe me a lot of money as far as I'm concerned.

 
 
Posted by STILLIRISE Thursday, Jun 05, 2008 1451 days ago

So does that mean that verizon will bring over "my circle" or ditch it? im with verizon and i would love to have the "my circle" option.

 
 
Posted by brayndeded Friday, Jun 06, 2008 1451 days ago

im on alltel, love the call quality and all, but when i try to reach my local store????....fugitaboutit!! it dont matter if its right up 8am or the dead of the afternoon or any freakin time of the day...i have NEVER been able to get someone on the phone at the store. good thing im in a smallish town and the store is about 1 mile from my house. when i drive down there in a fit of rage, i assume there will be 30 or 40 people waiting outside for help. wrong. most times there are 4 or 5 workes and only a few customers. maybe chad should start manning the phones more!
i have never had a dropped call and reception on my end is always great, but the customer service at my local store
---------
------IN HUTCH KS---------
---------
SUCKS!!

 
 
Posted by JMSpartan Friday, Jun 06, 2008 1451 days ago

I dont know if my first post went through so I apologize if this is a duplicate...

The following was reported in Cynopsis Digital this morning:

Verizon Wireless pulled the trigger on its deal to acquire Alltel in a cash merger valued at $28 billion that will make Verizon the leading carrier in the U.S. with more than 80 million subscribers. The merger should be good news for Alltel customers, giving them access to Verizon's robust V Cast content and speeding the roll-out of faster wireless broadband services. Regulators are expected to insist that Verizon maintains service in rural Alltel areas as a condition of the merger.

 
 
Posted by alltel employee Monday, Jun 09, 2008 1447 days ago

I would like to see how many people loose thier job over this. I heard Verizion is out increasing the head count adding staff members, while us Alltel employees, wonder whats in store for us. It doesnt make sense to add to your head count and terminate hundreds of good employees. We are being told to keep our head up, but lets see how much Verizon cares about its "people".

 
 
Posted by i2sam77@yahoo.com Tuesday, Jun 17, 2008 1440 days ago

This sucks ,What happened to competition, Altell is what got the fav5 going,as a result of competition.