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  • Verizon Wireless brings My Circle-esque plan to Business subscribers

    Filed under: Alltel , Verizon Wireless , EV-DO , CDMA , Misc From the moment Verizon Wireless made its intentions to purchase Alltel official , subscribers of the latter began wondering what the fate of My Circle would be. As it stands, there's still no definitive answer on that topic, but VZW is introducing a new feature for its Business users that bears a striking resemblance to Alltel's current merry-go-round. The plan, which is only available to customers of the Verizon Freedom for Business unlimited long-distance service, enables users to have unlimited conversations with five chosen numbers for $4.99 per month. Sadly, we haven't a clue whether the carrier is planning to roll a similar option out to its non-enterprise users, but the timing here is certainly curious, wouldn't you agree? [Via InformationWeek ] Read | Permalink | Email this | Comments

  • Verizon "in talks" to buy Alltel for $27 billion

    Filed under: Alltel , Verizon Wireless , EV-DO , CDMA Verizon has certainly courted Alltel before , but this time, the two could finally be rounding third base. According to a breaking report at CNBC , Verizon is "in deep in talks to acquire Alltel," which of course is America's fifth largest wireless carrier. It's no secret that Alltel has been riding fairly high of late , and unless your memory is totally shot, you'll likely recall that it was just recently "taken private by TPG and Goldman Sachs Capital Partners in a $27.5 billion deal ." Not surprisingly, officials at both outfits refused to comment on the rumblings, but if this does indeed go down, analysts are expecting Verizon to pay around 8x Alltel's current EBITDA, whereas TPG / Goldman Sachs paid 9.2x. We'll keep you posted on any developments. Read | Permalink | Email this | Comments

  • Alltel posts healthy profits, customer growth numbers

    Filed under: Alltel , EV-DO , CDMA , Misc Although those Chad-based commercials may be unnerving, something is sure working for Alltel. Reportedly, the carrier added 205,000 subscriptions in the most recent quarter, which is "double the year-ago increase," and it also noted that the rate at which it lost customers fell to just 1.9-percent. Furthermore, the outfit raked in some $283 million in profits -- a fine sum compared to the $187 million garnered this time last year. As for the buyout, it suggested that it was expecting a "favorable FCC vote to come soon," meaning that the " takeover by TPG Capital and GS Capital Partners should be completed by the end of the year." Read | Permalink | Email this | Linking Blogs | Comments
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