Alltel to Employees: No 'Immediate Impact' on Your Job

In an e-mail to employees on Thursday announcing the sale to Verizon Wireless, Alltel Corp. of Little Rock told employees "there will be no immediate impact on your job."

The e-mail said the sale was "the best way - long-term - to provide not only for our customers but for the majority of our employees as well."

The complete text of the e-mail is below. "Alltel Today" is part of the company's intranet site.

Complete Text of Alltel E-mail to Employees

Last night, we signed an agreement to merge Alltel into Verizon Wireless. This merger will create the best wireless company in the country with around ­­80 million customers and over $56 billion in revenue. This combination is the best way - long-term - to provide not only for our customers but for the majority of our employees as well.

There will be no immediate impact on your job. You will have the same job tomorrow that you had yesterday, reporting to the same individual, working for the same pay and eligible for the same bonuses or commissions.

The merger is expected to close around year-end and we must continue to operate our business independently of Verizon until the closing. We must provide the same great value and service that our customers have come to expect from us and deliver outstanding financial results along the way. We will continue to compete in the market as if nothing were going to change. Over 13 million customers are depending on us.

This kind of change is always difficult - but it is also manageable. It is not a time for panic, it is a time to seek accurate information and make informed decisions. We are committed to getting you the timely information you need to plan.

We are holding a series of meetings with management teams today and your manager will share much more with you very quickly.

Visit Alltel Today for more information.