WASHINGTON (AP) - November 4, 2008 With partial dissents by the two Democrats on the five-member
panel, the Federal Communications Commission decided Tuesday to
allow Verizon Wireless to move ahead with the deal for Alltel.
Verizon is paying $5.9 billion and assuming $22.2 billion of
Alltel's debt.
The FCC is attaching several conditions to the deal, including a
requirement that Verizon Wireless honor Alltel's existing roaming
agreements for four years.
The Justice Department approved the deal last week after Verizon
agreed to sell assets in 22 states.
Verizon Wireless is a joint venture between Verizon and Vodafone
Group PLC.
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