Verizon Wireless must be jumping with joy as finally the Department of Justice has given its approval for Verizon’s $28 billion deal to purchase Alltel Communications subject to required divestitures of wireless assets in 100 markets and across 22 states. Assistant attorney general in charge of the antitrust division, Thomas Barnett, said: “The divestitures required are

The first of two major hurdles on the road to Verizon’s acquisition of US wireless carrier Alltel has just been cleared with the help of the US Department of Justice (DoJ). The DoJ’s green-light put Verizon one step closer to becoming the nation’s largest wireless carrier. Verizon is currently holding the No. 2 sport among US

It was doubtful from the start that the Verizon-Alltel merger would be blocked by regulatory bodies. Yet, it is still significant to note that the Department of Justice has signed off on the deal. Of course, this is not without qualification. The two companies overlap in 100 markets across 22 states, and will have to

Yesterday the DoJ approved the merger of Verizon Wireless and Alltel, provided Verizon dumps 100 of its markets in 22 states to cover any anti-trust issues. Read the full story here.

The U.S. Department of Justice has approved Verizon's proposed $28.1 billion acquisition of Alltel that the FCC is set to vote on on Nov. 4. Antitrust regulators at the Justice Department gave their assent to the deal--which, if approved, will create the nation's largest wireless operator--on the condition that Verizon divest 100 markets in 22 states where the two carriers now ...

The US Department of Justice said today that Verizon will have to divest assets in 100 areas covering 22 different states as a precondition to acquiring Alltel Wireless

The Department of Justice has just approved Verizon’s purchase of Alltel. That makes Verizon only the largest carrier in the USA right now, leaving AT&T behind. In order for Verizon to be allowed to keep Alltel, the company will have to divest itself from 100 local markets in 22 states to keep things competitively correct. Following

The Department of Justice has approved Verizon Wireless's purchase of Alltel as long as Verizon agrees to divest 100 markets in 22 different states. The divestitures cover North Dakota and South Dakota in their entirety, significant swaths of Colorado, ...

Verizon Wireless’s proposed acquisition of Alltel has survived the U.S. Department of Justice’s scrutiny, clearing away all hurdles to the deal except one: the FCC’s approval. The Commission is scheduled to take up the issue next Tuesday along with a host of other hot-button issues. Looking for our newsletter content? Subscribe now and get access to content not available on our W...

The suits at the Department of Justice just green-lighted Verizon's planned acquisition of regional rival Alltel, moving the two CDMA giants closer to a marriage that would easily eclipse AT&T to become the largest wireless carrier in North America. There's a catch, though, and a rather hefty one at that -- Verizon has to agree to divest itself of some 100 local markets in 22 sta...