cellular carrier
Submitted by admin on Tue, 09/30/2008 - 18:56.
In a brief statement last week, Federal Communications Commission Chairman Kevin Martin announced the FCC will try to complete its review of two major wireless mergers by the end of the year. The goal, Martin said, is to reach a decision before a new president takes office in January.
The deals are Sprint's proposed purchase of a 51 percent stake in a reconstituted Clearwire, and Verizon's planned $28 billion purchase of Alltel. If approved, the Alltel merger would make Verizon the largest U.S. cellular carrier with roughly 80 million subscribers, versus AT&T's 71.4 million.