Reuters – Verizon Wireless said on Thursday it would buy rural mobile phone service provider Alltel Corp for $28.1 billion, including debt, which would vault it to first place in the U.S. market ahead of AT&T Inc.
Archive for June 5th, 2008
NewsFactor – In a move that will bring fierce competition to AT&T, Verizon Wireless on Thursday agreed to buy Alltel for $28.1 billion in cash and debt. The acquisition will make Verizon Wireless, a joint venture of Verizon Communications and Vodafone, the largest mobile-phone company in the U.S.
Reuters – Verizon Wireless said on Thursday it would buy rural mobile phone service provider Alltel Corp for $28.1 billion including debt, which would vault it to first place in the U.S. market ahead of AT&T Inc.
Reuters – U.S. stocks rose the most in more than a month on Thursday after Wal-Mart and other retailers posted stronger-than-expected May sales and data showed a surprising fall in weekly jobless claims, spurring optimism about the economy’s health.
AFP – Verizon Wireless, the second biggest US mobile operator, is in advanced talks to buy American peer Alltel in a deal that would enable it to leapfrog market leader AT&T, Verizon part-owner Vodafone said Thursday.
InfoWorld – AT&T said Wednesday it has upgraded its 3G wireless network to reach downlink speeds of up to 1.7Mbps, a 20 percent increase over previous top speeds.
TechWeb – InformationWeek – This latest deal is important for Apple in reaching its goal of selling 10 million iPhones, or about a 1% share of the global cellular phone market this year.
Reuters – Researchers who spied on 100,000 people using their cell phone signals confirmed on Wednesday that most human beings are indeed creatures of habit.
NewsFactor – Japan’s third-biggest mobile carrier has announced it will begin distributing Apple’s new 3G iPhone later this year. What makes Apple’s latest iPhone deal with Softbank so significant is that the Japanese have a long history of preferring locally made products over imports.