UPDATED: Verizon to Acquire Alltel In $28 Billion Deal by Lance Turner and Jamie Walden Posted 6/5/2008 10:25 am Updated 6 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 articles older than 15 days. Articles newer than 15 days are not included in this offer. Purchase Now Already have archive access? Login to view this article.