Nothing is constant in the cell phone world and carriers are no exception. In the past five years, we've seen Sprint scoop up Nextel, AT&T Wireless merge into Cingular, and Cingular become the new AT&T. And I won't even mention the small regional operators that disappeared into the folds of a national carrier.
The latest carrier casualty is Alltel, which , as of last Friday, merged with Verizon Wireless. Like any corporate marriage, there are plenty of details to sort out so this one won't be completed for some time. But if you're a customer of either carrier, I'm sure you have questions on how the merger will affect you. So, to help you understand how the merger will proceed, I've created this handy FAQ that expands on Verizon's own FAQ on its Web site. If you have any additional queries, please send them on and I'll do my best to answer them.
Q: When will the merger be completed?
A: It will be a few months until Verizon and Alltel are one company. For now, Verizon is the legal owner of Alltel. Once the deal is done, Verizon will outpace AT&T as the largest U.S. wireless carrier with an expected 78 million customers.
Q: What will the company be called?
A: Verizon is the buyer here so the Alltel name and branding will disappear starting in the second quarter of this year. Most current Alltel customers will become customers of Verizon automatically.
Q: How much is the deal worth?
A: Verizon is paying $5.9 billion for Alltel and assuming $22.2 billion in Alltel debt for a total acquisition worth $28.1 billion. … Read more