FCC Gives Verizon the Final Greenlight Needed to Buy Alltel

It’s been nearly five months since Verizon announced their plans to buy out Alltel, but they’ve finally leaped the last hurdle. Just minutes ago, the FCC signed off on the $28.1 billion dollar deal (Verizon is paying $5.9 billion, and assuming $22.2 billion of Alltel’s debt.), clearing the way for its finalization.

The FCC’s stamp of approval doesn’t come without strings attached, however. Amongst other conditions, Verizon will be required to maintain any roaming agreements Alltel has with other carriers for at least four years.

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