UPDATED: Verizon to Acquire Alltel In $28 Billion Deal

by Lance Turner and Jamie Walden  on Thursday, Jun. 5, 2008 10:25 am  

Verizon says it will buy Alltel Corp. of Little Rock.

A day after reports leaked that the two companies were in talks, Verizon Wireless announced Thursday that it will buy Alltel Corp. of Little Rock in a deal worth $28 billion.

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