DOJ requires Alltel to divest assets in acquisition
Grant Gross writes in InfoWorld:
The U.S. Department of Justice (DOJ) will require Alltel to sell off some of its assets in three central U.S. states before completing a $6 billion acquisition of competing wireless carrier Western Wireless Corp.
The DOJ, in a settlement announced Wednesday, said it will approve the acquisition if a court approves its divestiture requirements. The DOJ's conditions would require Alltel, the sixth largest wireless carrier in the U.S., to divest assets in Kansas, Nebraska and Arkansas. The U.S. Federal Communications Commission must also approve the merger.
posted by Fergie @ 7/06/2005 01:08:00 PM
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