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Verizon asks for more time to spin off divested chunks of Alltel
Engadget Mobile — Filed under: Alltel, Verizon Wireless In order to get the FCC to agree to Verizon's massive acquisition of Alltel -- the US' 5th-largest carrier -- it had to agree to some pretty serious concessions, including divestitures in a whole slew of markets to ensure that the competitive spirit remained intact. The "transaction" (as ...

Verizon Seeks Extension For Alltel Spinoff
TechWeb — ... approved the deal with the requirement that Verizon divest in certain markets where its wireless assets overlapped. The company's deadline was originally May 9, but Verizon has asked for an additional 60 days to complete the process. "Although the company has diligently managed the divestiture process, the sheer size and complexity of the divestiture coupled with the current economic conditions have forced bidders to conduct far more due diligence than usual," Verizon said in an official filing . "This has made it impossible to complete the divestitures within the initial ...

Verizon Seeks Extension For Alltel Spinoff
InformationWeek - All Stories And Blogs — ... approved the deal with the requirement that Verizon divest in certain markets where its wireless assets overlapped. The company's deadline was originally May 9, but Verizon has asked for an additional 60 days to complete the process. "Although the company has diligently managed the divestiture process, the sheer size and complexity of the divestiture coupled with the current economic conditions have forced bidders to conduct far more due diligence than usual," Verizon said in an official filing . "This has made it impossible to complete the divestitures within the initial ...

Verizon needs more time to complete the Alltel merger
Betanews — By Tim Conneally, Betanews To ensure Verizon's merger with Alltel was a pro-competitive move, the Federal Communications Commission and Department of Justice required that Verizon divest from 105 mobile markets where Verizon and Alltel services overlapped. The merger will make Verizon the largest mobile carrier in the United States, and this mandate constitutes the biggest divestiture Verizon Wireless has had to execute in its nine years of existence. Because the action is so large and complex, (each marketing area has approximately 200 pages worth of assets to auction off) Verizon has filed for an extension with the Wireless Telecommunications Bureau, asking ...