The U.S. Justice Department says it's suing to block Verizon Communications Inc.'s proposed, $28 billion acquisition of Alltel Corp. unless Verizon agrees to divest assets in 22 states.

The second rule was part of the merger conditions that allowed Verizon to get approval to purchase TracFone back in 2021. The reason for this is due, in Verizon's words, ...

Verizon wants to escape promises ... it purchased licenses to use 700 MHz spectrum that came with open access requirements and in 2021 when it agreed to merger conditions in order to obtain ...

With the merger, Verizon becomes the largest wireless carrier in the U.S. Under financial terms of the deal, Verizon is acquiring Alltel for $5.9 billion plus the assumption of $22.2 billion in debt.

Bell Atlantic Corp. said it completed its $60-billion purchase of GTE Corp. to create Verizon Communications, the largest local telephone company in the U.S.

The FCC has announced its approval of the merger between communications giants Verizon and Frontier, after a deal was made last year.Verizon will acquire Frontier Communications for $9.6 billion ...

Federal Communications Commission chair Brendan Carr on Thursday opened a probe into diversity practices at Verizon and raised the telecommunications company's ongoing effort to purchase Frontier ...

The second rule was part of the merger conditions that allowed Verizon to get approval to purchase TracFone back in 2021. (Image credit: Verizon) The reason for this is due, ...