Rumor: Verizon Wireless to buy ALLTEL
Verizon Wireless may be in merger negotiations to buy competitor ALLTEL according to a report filed on
Engadget. Rumors surrounding a buyout by Verizon Wireless are nothing new--
earlier this year there was word Sprint PCS was a likely candidate--but this deal would put Verizon Wireless back as the #1 US wireless carrier. Cingular took that title from Verizon Wireless after the merger with AT&T Wireless was
completed.
Telecom pundit Om Malik
doesn't see this deal happening because of parent Verizon's merger with MCI and potential approval problems.
