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Also in 2008, Verizon struck a deal to buy Alltel for $5.9 billion in equity while assuming $22.2 billion worth of debt. [24] [25] The deal was finalized on January 9, 2009, again making Verizon Wireless the country's largest cellphone network. [24] As per the agreement, Verizon sold rural wireless properties across 18 states to AT&T.
Alltel was a landline, wireless and general telecommunications services provider, primarily based in the United States.Before its wireless division was acquired by Verizon Wireless and AT&T, Alltel provided cellular service to 34 states and had approximately 13 million subscribers.
Verizon Communications Inc. (/ v ə ˈ r aɪ z ən / və-RY-zən), is an American telecommunications company headquartered in New York City. [3] It is the world's second-largest telecommunications company by revenue and its mobile network is the largest wireless carrier in the United States, with 146 million subscribers as of December 31, 2024.
Looking at valuation, Verizon trades at a forward price-to-earnings (P/E) ratio of 8.3 based on 2025 earnings estimates, which is below the nearly 11 times multiple of AT&T. VZ PE Ratio (Forward ...
Cellular One is the trademarked brand name that licenses services (radio frequencies for telecommunications) used by several cellular service providers in the United States. The brand was sold to Trilogy Partners by AT&T in 2008 shortly after AT&T had completed its acquisition of Dobson Communications. Cellular One was originally the trade name ...
This Monday is the last day that some Verizon customers have the opportunity to receive a refund as part of a proposed $100 million ... 24/7 Help. For premium support please call: 800-290-4726 ...
Verizon has offered $38.50 per share, representing a premium of 37.3% to the closing stock price of Frontier on Sept. 3, a day before reports of a potential acquisition first emerged.
Verizon Communications acquired AOL in 2015, and operated it as a separate subsidiary. In 2017, Verizon bought the first Yahoo! Inc. and merged it with AOL, creating the second Yahoo! Inc. The company sold a 90% stake in Yahoo! to Apollo Global Management in 2021, and AOL was placed under Yahoo!’s umbrella.