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Verizon Becomes Largest U.S. Cellular Company

Posted on June 05, 2008

View SEC Filings View Annual Report View Insider Trading The nation's largest cellular telephone provider was born today after Verizon Communications (NYSE: VZ) agreed to purchase Alltel for approximately $28.1 billion. The deal will help Verizon's wireless business surpass that of AT&T Wireless to take a strong lead. The deal also represents one of the quickest flips in history as Alltel's private equity owners just completed buying the company last fall for about $27.5 billion. The result was a fast $600 million profit in jus...

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cdma , cellular , trading