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Comments on news posted 2008-06-04 16:25:39: CNBC reports that Verizon is in deep negotiations to acquire Alltel for around $27 billion, which I'm fairly sure Verizon has in their petty cash drawer. ..

page: 1 · 2 · 3 · 4 · 5
AuthorAll Replies

antonio010

join:2002-11-24
Wow

Now, this is unexpected. I had always thought Alltel would be an acquisition targeted by Sprint.


en102
Canadian, eh?

join:2001-01-26
Valencia, CA
·RoadRunner Cable
·DSL EXTREME

For Verizon Wireless, this may be a good thing

1. Verizon and Alltel are CDMA 1x/EVDO
2. Verizon could use some more rural coverage, esepcially since Qwest is now using Verizon Wireless for service
3. Alltel runs a GSM network for roamers - this could be a good bit of leverage for squashing AT&T/T-Mobile for roaming, or a cash cow on roaming fees.
4. Cash cow on Sprint for roaming, or run Sprint into the ground, as their network would diminish significantly.

Verizon Wireless did just purchase a lot of spectrum in the AWS auctions, so do they really 'need' this ?
--
Canada = Hollywood North


herb77

join:2005-02-23
Fort Myers, FL
Chad and the Verizon guy

Now they need to make a new commercial with the Verizon guy waking up in bed with Chad.

Oooh La La


Tel

join:2001-10-12
Mauldin, SC
·AT&T Southeast

reply to antonio010
Re: Wow

As a long time user of Alltel, a former customer of Verizon, and an employee of AT&T, I hate to see it. I was never happy with Verizon's service and I give up the employee discount with AT&T because of their coverage in my area. I have been very happy with every aspect of my Alltel service.
My son works for Alltel and I can't wait to get his reaction on this although I'm thinking it won't be a good reaction...LOL


klipko

join:2006-06-28
Portland, OR
·Comcast Digital Vo..
·Verizon FIOS

reply to antonio010
said by antonio010 See Profile :

Now, this is unexpected. I had always thought Alltel would be an acquisition targeted by Sprint.
I thought the opposite if Sprint let's go (sells) Nextel and handling of the new WiMax partnership is split off.

soccerguy

join:2004-06-28
Seattle, WA
reply to herb77
Re: Chad and the Verizon guy

LOL That'd be a really funny way to announce the merger.


mrchris
We don't miss you Bush
Premium
join:2002-10-01
North Babylon, NY
Mergers

Enough with them! The last thing is we need LESS choices.....


mod_wastrel

join:2008-03-28
·magicjack.com

Sayonara?

I have a cheap prepaid account with Alltel that costs me less per year than plans from Verizon cost per month. I'm sure Verizon would eliminate that and offer only their not-at-all cheap prepaid plan(s) as a replacement, which means it wouldn't be worth staying with them.


notony

@rcn.com

reply to antonio010
Re: Wow

said by antonio010 See Profile :

Now, this is unexpected. I had always thought Alltel would be an acquisition targeted by Sprint.
ummm no...i guess you're unaware of sprint's never ending troubles: drop in valuation since nextel aquisitions, continued losses of $ and customers, new CEO, endless troble integrating nextel division, spectrum reallocation as part of deal with fcc. their hands are tied now sir.


N3OGH
Bear patrol must be working like a charm
Premium
join:2003-11-11
Philly burbs
reply to herb77
Re: Chad and the Verizon guy

Music...


Come and get your LUV......


Not that there's anything WRONG with that....
--
Petty people are disproportionably corrupted by petty power…


TKJunkMail
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
·Comcast

reply to antonio010
Re: Wow

said by antonio010 See Profile :

Now, this is unexpected. I had always thought Alltel would be an acquisition targeted by Sprint.
Sprint is much more likely to be acquired than acquire another company. Their finances are a mess and I doubt they could get the backing of banks to acquire anyone.
--
My BLOG .. .. Internet News .. .. My Web Page


TKJunkMail
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
·Comcast

 Does anyone think the deal will face trouble with regulators

Yes, I think it would face a tough look from regulators if they decide to go forward with this deal. Especially, if in November, the Dems win the White House AND also expand their control of Congress. BIG MERGERS will face a tough time - at least for awhile and until the industry lobbyists get their hooks deep in to a new administration. And that usually takes a year or so.
--
My BLOG .. .. Internet News .. .. My Web Page


GlenQuagmire
Giggidy Giggidy Giggidy Goo
Premium
join:2004-02-16
Grand Rapids, MI
reply to TKJunkMail
Re: Wow

I don't think any other wireless carrier whats to touch the CDMA / IDEN cluster f#$%. Verizon wants to make money not dump it into a bottomless pit.

Ope

join:2001-02-11
Richmond, VA
reply to herb77
Re: Chad and the Verizon guy

I agree... what would be a TV spot everybody would be talking about... totally funny!!!!

patcat88

join:2002-04-05
Jamaica, NY

spectrum monopoly

In many places Alltel and Verizon own all the 800 channels (A and B block), such as South Dakota. What a great monopoly that is, isn't it? FCC already allowed a tiny bit of "same company owns both 800 blocks" in East Florida with ATT, but FCC made them divest most of the other duplicate spectrum, but that was before Martin. I wonder what he will say, hmmm "The 700 auction has created unprecedented choice [for cellular monopolies] for rural spectrum, there is adequate competition and therefore there is no conflict with owning both 800s".


amigo_boy

join:2005-07-22
Tempe, AZ
Update the alltel photo

The fat Sprint guy (Michael Busch, »www.myspace.com/michaelbusch) was replaced a few months ago (with someone much less entertaining).

Mark


Jovi

join:2000-02-24
Mount Joy, PA
·T-Mobile US

T-mobile

Maybe T-mobile should try to buy Alltel and gain share towards the big boys of AT&T and Verizon? I'd hate for Verizon to eat up more of the market then they already have. Same with team Deathstar.
--
"Where's my coffee? Oh. I guess it's my turn to make it."


GlenQuagmire
Giggidy Giggidy Giggidy Goo
Premium
join:2004-02-16
Grand Rapids, MI
 GSM Network

I thought that Alltel also had a GSM network. If this is the case Verizon is going to have a hard time integrating that into their network.
--
Yes, its stuck in a windows this time.

Col_DH

join:2004-03-28
Northridge, CA
Not if they have the WiZZZZZZarddd!
--
Check 6

iansltx

join:2007-02-19
Golden, CO
·Comcast
·Qwest.net
·magicjack.com
·BeeCreek Communica..
·Sprint Mobile Broa..

reply to GlenQuagmire
Alltel has CDMA.

I was thinking that Sprint\Alltel would happen, but the VZW\Alltel deal also seems logical. Though I'd really hate for that to happen.

The reason being that Alltel right now is pretty much transparent roaming for Sprint. If Verizon buys Alltel, they jack up roaming rates for Sprint and the carrier has a much harder time making a go of it. They go under and we're left with three cell phone companies that are major in the U.S. with one (T-Mobile) being much smaller than the others. Not a good thing.

Thoguh with Qwest switching over, I'll bet this will happen anyway. Tey just need to go quickly lest the Dems stop it.
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