FCC approves Verizon Wireless' purchase of Alltel

Posted on November 4, 2008 - 18:14 by AP via Yahoo

Federal regulators are signing off on Verizon Wireless' planned $28 billion purchase of Alltel. The deal will create the nation's largest wireless carrier. With partial dissents by the two Democrats on the five-member panel, the Federal Communications Commission decided Tuesday to allow Verizon Wireless to move ahead with the deal for Alltel.

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