This IT news is provided from the Link Net Service Company Limited
Oct. 5, according to foreign media reports, the second-largest U.S. mobile operator Verizon said that despite the deterioration of the U.S. financial situation, but the company is promoting the purchase of Alltel with the price of 28,100,000,000 U.S. dollars. Four months ago, Alltel and Verizon reached an agreement on acquisition.
Verizon spokesman Robin Nico 2 said, the acquisition is proceeding as planned, is expected to be completed by the end. After the acquisition, Verizon will become the nation's largest mobile operator.
Fitch's credit rating on the deal have not so sure. Fitch's Bier Dan Simo (Bill Densmore), said: "Taking into account the size of the deal, Verizo will have to take some of the major risks faced by its actions, these risks may pose a threat to the acquisition."
Fitch in the Sept. 26 report cited the possible threat to Verizon's acquisition of several factors, one of the factors that, Verizon must have sufficient funds to purchase assets, it may be forced to sell some assets in order to To allow federal regulators to approve the transaction. At the same time, with Alltel's acquisition agreement was signed with "trigger" clause provides that if Verizon in order to obtain the approval of the federal authorities have been deprived of the number of users too much, then, Verizon may withdraw from the agreement.
Nichol said that so far, Verizon and the Ministry of Justice is continuing talks and negotiations without any problems. She said: "We may have to withdraw from more market, but we do not know the relevant circumstances. But even if the figures increase, we believe that we can reach an agreement with the Ministry of Justice."
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