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FCC approves Verizon-Alltel merger

Updated Dec 19th, 2018 6:07PM EST

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In a 5-0 vote, the FCC approved the $28 billion purchase of Alltel by Verizon Wireless. The approval requires Verizon Wireless to end operations in five other small markets neighboring those already required by the Justice Department. It also requires Verizon to honor Alltel’s existing roaming agreements with small wireless carriers for four years. With DOJ and now FCC approval in the bag, Verizon can complete the acquisition of Alltel to become the largest wireless carrier in the US. What do you guys think – good news?