UPDATED: Verizon to Acquire Alltel In $28 Billion Deal by Lance Turner and Jamie Walden Posted 6/5/2008 10:25 am Updated 5 years ago 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. Want the Full Article? Get Unlimited Archive Access for $19.95 per Year Readers must pay to access stories older than 15 days. Purchase Now Already have archive access? Login to view this article.