Verizon is selling assets

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Published: July 24, 2008

WASHINGTON — Verizon Wireless has offered to sell cellular operations in North Dakota, South Dakota and parts of 16 other states to win regulatory approval of its proposed purchase of Alltel Corp.

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In a letter to the Federal Communications Commission, Verizon said after preliminary discussions with the Justice Department, it is committed to divesting overlapping spectrum, operations and other assets in 85 markets, mostly in the Midwest, West and Southeast.

Stifel Nicolaus analyst Blair Levin said the markets cover about 15 percent of Alltel's 13.2 million subscribers. AT&T Wireless, Leap Wireless International Inc. and MetroPCS Communications Inc. may all be interested in buying some of those assets, he said.

The Associated Press


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