Disqus
Verizon noted today that it is indeed moving forward with plans to acquire Alltel for $28.1 Billion US Dollars. That’s a lot of dough. The deal would make Verizon the largest wireless carrier in the US. A spokesperson for the company has noted that they hope to close this deal before the end of the year. Plans are to keep moving forward on this deal, despite the current financial crisis going on in the US.
A major ratings firm (Fitch Ratings) that evaluates a companies financial strength for world credit markets isn’t so sure of the deal… they noted:
“Considering the size of this deal, it would be surprising that Verizon would enter something with such significant risk that it really threatens to preclude this deal from closing…”
All reports have this deal closing in the near future, but the skeptics are out. We’ll have to see how this goes down.
[Via: Yahoo! News]
About The Author
James Falconer
James was born and raised in Winnipeg, Canada. Almost 15 years ago he started out in the 'real world' as a web and graphic designer. Through the years he has finely tuned his skills in SEO, internet marketing, conversion strategy, and project management. To date, he runs his own successful consulting business where he advises companies all over the globe. A co-founder of www.crackberry.com, and sole proprietor of www.mactropolis.com, James in recent years has become very active in the tech blogosphere. Online community building and strategy is fast becoming one of his passions. Watch for James' no frills attitude, unique perspective and to-the-point comments here on IntoMobile!
