Sesha Utters

Blog of a Shiznit

The Biggest Telecom deal Ever Made-Vodafone to buy Alltel 28M(USD)

Posted by seshdotcom on June 9, 2008

On Thursday in a press meeting Verizon said that it would buy Alltel for $28.1 billion,including 22.1$ in debt,Verizon Wireless Said that the Equity value of the deal would be $5.9 billion,VERIZON WIRELESS is a Service Provider company in which 55% of the Shares are owned by Verizon and 45% of the Shares are Owned by Vodafone Group…The Alltel company was actually owned by TPG Capital Group and Goldman Sachs(GS) and they made the deal for 27.5 Billion USD…
THIS ACQUISTION WOULD BE THE BIGGEST TELECOM DEAL SINCE AT&T Mobility bought Bellsouth in 2006..And if this deal is completed Successfully then VERIZON/VODAFONE will have the 67.2 Million customers and will become the Largest Wireless Carrier

THANKS:Business India


4 Responses to “The Biggest Telecom deal Ever Made-Vodafone to buy Alltel 28M(USD)”

  1. This is great stuff, thanks for having the blog and putting details like this on it. Those of us with no writing skills really appreciate it. Believe me.

  2. seshdotcom said

    Hey Anderson Thanx for your comments..

  3. I have to agree with post that after leaving AT

  4. REally like this post. When you get 5 check my site out at Latest Business Telecom News Online, by Daily Broadcast eMail and Monthly Digital News review. I would really appreciate your thoughts. Regards, Iain from

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