Showing posts with label verizonwireless. Show all posts
Showing posts with label verizonwireless. Show all posts
Friday, January 16, 2009
Verizon Wireless upgrades Westchester network
Verizon Wireless upgrades Westchester network
By Jay Loomis • The Journal News • January 16, 2009
Verizon Wireless
Verizon Wireless said the addition of five new transmission sites will improve wireless reception in Westchester County.
The nation's largest wireless carrier said the expanded coverage will mean fewer dropped calls as customers use their wireless phones to send and receive e-mail, text, picture and video messages. The company added that the new cell transmission sites will particularly help improve service in parts of Peekskill, New Rochelle, Croton-on-Hudson, Mount Pleasant and Port Chester.
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Verizon Wireless said it has invested more than $2 billion to improve its New York/New Jersey metro network and more than $48 billion nationally during the past nine years. Verizon Wireless serves more than 83.7 million customers across the country.
Wachovia Securities plans move within White Plains
Wachovia Securities, recently acquired by Wells Fargo & Co., will leave downtown White Plains in May for the Platinum Mile along the I-287 corridor.
Wachovia will move from offices at 10 Bank St. and 360 Hamilton Ave. and consolidate on a 74-acre campus at 1133 Westchester Ave., owned by RPW Group. Wachovia signed a minimum 10-year lease for 26,000 square feet at 1133 Westchester, commercial brokerage Cushman & Wakefield said.
The deal is the first large office lease to be announced in 2009. RPW President and Chief Executive Officer Robert P. Weisz said about 80 to 100 Wachovia employees are moving. Wachovia officials could not be reached for comment.
Weisz said the financial company was drawn by 1133's amenities, including a conference center, an executive dining room, shuttle service to trains and on-site day care. Provident Bank has signed a lease to open a branch office at the building in March, he added.
About 150,000 of the 640,000 square feet at the building are available. Other tenants include ITT Corp., IBM, Starwood Hotels & Resorts Worldwide and EMC Corp. Asking rent at the building is $35 a square foot, said Glenn Walsh, senior director at Cushman & Wakefield.
Hudson Valley Holding says TARP not needed
Hudson Valley Holding Corp. of
Yonkers said it does not need to use the asset protection services the U.S. government is providing to banks. The assistance effort, the Treasury Department's Capital Purchase Program, is widely known as TARP. Hudson Valley Holding Corp. is the parent company of two local banks, Hudson Valley Bank and New York National Bank.
"Hudson Valley is extremely well capitalized," James J. Landy, president and chief executive officer, said in a written statement.
Provident Bank's parent company earns $6.3 million in fiscal 1Q
Provident New York Bancorp reported net income of $6.3 million, or 16 cents a share, during its fiscal first quarter. That was higher than the net income of $5.9 million, or 15 cents per share, a year earlier. The Montebello-based parent of Provident Bank said loans grew by $15.1 million, mainly in the commercial sector. "I'm pleased to report solid earnings for the quarter despite the continuing economic challenges facing the Hudson Valley and the nation," George Strayton, president and chief executive officer, said in a written statement.
Verizon Stitches Mobile Phone Into Bundles
Verizon Stitches Mobile Phone Into Bundles
DSL Available In 26 States and D.C.; In 17 States For FiOS Internet Customers
By Todd Spangler -- Multichannel News, 6/17/2008
Verizon Wireless
Verizon Communications—responding to consumers who are giving up their landlines and using wireless as their primary voice service—rolled out a new double-play offer that combines broadband Internet and wireless on one bill.
The telco’s Flex Double Play bundle consists of any national Verizon Wireless calling plan of 450 minutes or greater and a FiOS Internet or DSL Internet service at 3 Megabits per second.
FiOS TV service, if available, can also be added to create a triple-play bundle. Verizon offers DSL in 26 states and Washington, D.C. FiOS Internet is available in 17 states, and FiOS TV is available in 13.
Verizon's One Bill system must be used with all Flex bundles, and consumers must commit to a one- or two-year contract depending on the package. Verizon Wireless is a joint venture between Verizon and Vodafone.
According to Verizon, customers can save money with the bundles.
For example, a 450-minute Verizon Wireless nationwide calling plan can be combined with a mid-tier FiOS Internet plan for a Flex double play starting at $84.99 monthly—about $13 per month less than unbundled prices. If FiOS TV is added to those two services, the triple-play bundle pricing starts at $124.99 per month ($15 off standalone pricing).
“This comprehensive bundle provides us greater flexibility to meet the evolving communication preferences of customers," Verizon Telecom president Virginia Ruesterholz said, in a statement. "Consumers who have chosen to use a wireless phone as their sole voice connection, or who are thinking about that, can now marry the industry's best networks for wireless, broadband Internet and television in one high-value Verizon bundle."
DSL Available In 26 States and D.C.; In 17 States For FiOS Internet Customers
By Todd Spangler -- Multichannel News, 6/17/2008
Verizon Wireless
Verizon Communications—responding to consumers who are giving up their landlines and using wireless as their primary voice service—rolled out a new double-play offer that combines broadband Internet and wireless on one bill.
The telco’s Flex Double Play bundle consists of any national Verizon Wireless calling plan of 450 minutes or greater and a FiOS Internet or DSL Internet service at 3 Megabits per second.
FiOS TV service, if available, can also be added to create a triple-play bundle. Verizon offers DSL in 26 states and Washington, D.C. FiOS Internet is available in 17 states, and FiOS TV is available in 13.
Verizon's One Bill system must be used with all Flex bundles, and consumers must commit to a one- or two-year contract depending on the package. Verizon Wireless is a joint venture between Verizon and Vodafone.
According to Verizon, customers can save money with the bundles.
For example, a 450-minute Verizon Wireless nationwide calling plan can be combined with a mid-tier FiOS Internet plan for a Flex double play starting at $84.99 monthly—about $13 per month less than unbundled prices. If FiOS TV is added to those two services, the triple-play bundle pricing starts at $124.99 per month ($15 off standalone pricing).
“This comprehensive bundle provides us greater flexibility to meet the evolving communication preferences of customers," Verizon Telecom president Virginia Ruesterholz said, in a statement. "Consumers who have chosen to use a wireless phone as their sole voice connection, or who are thinking about that, can now marry the industry's best networks for wireless, broadband Internet and television in one high-value Verizon bundle."
Wireless Phone Users in Lenexa, Kansas Now Experience Even Clearer Reception and Fewer Dropped Calls
Press Release Source: Verizon Wireless
Wireless Phone Users in Lenexa, Kansas Now Experience Even Clearer Reception and Fewer Dropped Calls
Thursday January 15
Verizon Wireless
Verizon Wireless Activates New Cell Site
LENEXA, Kan., Jan. 15 /PRNewswire/ -- Verizon Wireless, the only major carrier with a 30-day network test-drive pledge that pays for calls if a customer isn't satisfied and switches to another carrier, has activated a new cell site in Lenexa that expands network coverage and increases capacity, enabling more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; and download games and ringtones while enjoying clearer reception and fewer dropped calls.
This new cell site improves Verizon Wireless' voice and data network in Lenexa, from K-7 Highway east to I-435, and from 95th Street north to 72nd Street.
"This network enhancement reflects our ongoing commitment to meet the growing needs of our customers and to provide them with the reliable, high quality service they expect from Verizon Wireless," said Brendan Fallis, president-Kansas/Missouri Region, Verizon Wireless.
Reliable service is fundamental to customer loyalty, and Verizon Wireless boasts the highest customer loyalty in the industry, as measured by the company's low percent of customer turnover.
"The value we offer our customers is closely tied to our industry-leading customer retention," Fallis said. "Wireless consumers today understand that value is not defined by price alone. A major reason our customers choose Verizon Wireless and stay with us is because we offer the nation's most reliable network."
This new cell site is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Kansas and throughout the country. Verizon Wireless has invested more than $48 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. More than $14.5 million was spent in Kansas in the first half of 2008.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 83.7 million customers. Headquartered in Basking Ridge, N.J., with 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ - News) and Vodafone (NYSE and LSE: VOD - News News). For more information, visit http://www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Wireless Phone Users in Lenexa, Kansas Now Experience Even Clearer Reception and Fewer Dropped Calls
Thursday January 15
Verizon Wireless
Verizon Wireless Activates New Cell Site
LENEXA, Kan., Jan. 15 /PRNewswire/ -- Verizon Wireless, the only major carrier with a 30-day network test-drive pledge that pays for calls if a customer isn't satisfied and switches to another carrier, has activated a new cell site in Lenexa that expands network coverage and increases capacity, enabling more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; and download games and ringtones while enjoying clearer reception and fewer dropped calls.
This new cell site improves Verizon Wireless' voice and data network in Lenexa, from K-7 Highway east to I-435, and from 95th Street north to 72nd Street.
"This network enhancement reflects our ongoing commitment to meet the growing needs of our customers and to provide them with the reliable, high quality service they expect from Verizon Wireless," said Brendan Fallis, president-Kansas/Missouri Region, Verizon Wireless.
Reliable service is fundamental to customer loyalty, and Verizon Wireless boasts the highest customer loyalty in the industry, as measured by the company's low percent of customer turnover.
"The value we offer our customers is closely tied to our industry-leading customer retention," Fallis said. "Wireless consumers today understand that value is not defined by price alone. A major reason our customers choose Verizon Wireless and stay with us is because we offer the nation's most reliable network."
This new cell site is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Kansas and throughout the country. Verizon Wireless has invested more than $48 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. More than $14.5 million was spent in Kansas in the first half of 2008.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 83.7 million customers. Headquartered in Basking Ridge, N.J., with 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ - News) and Vodafone (NYSE and LSE: VOD - News News). For more information, visit http://www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Wireless Phone Users in Jackson County, Missouri Now Experience Even Clearer Reception and Fewer Dropped Calls
Press Release Source: Verizon Wireless
Wireless Phone Users in Jackson County, Missouri Now Experience Even Clearer Reception and Fewer Dropped Calls
Thursday January 15
Verizon Wireless
Verizon Wireless Activates New Cell Site in Kansas City
KANSAS CITY, Mo., Jan. 15 /PRNewswire/ -- Verizon Wireless, the only major carrier with a 30-day network test-drive pledge that pays for calls if a customer isn't satisfied and switches to another carrier, has activated a new cell site in Kansas City, Mo., that expands network coverage and increases capacity, enabling more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; and download games and ringtones while enjoying clearer reception and fewer dropped calls.
This new cell site improves Verizon Wireless' voice and data network around the Brookside neighborhood, from Wornall Rd. east to Prospect Ave., and from 59th Street north to 39th Street.
"This network enhancement reflects our ongoing commitment to meet the growing needs of our customers and to provide them with the reliable, high quality service they expect from Verizon Wireless," said Brendan Fallis, president-Kansas/Missouri Region, Verizon Wireless.
Reliable service is fundamental to customer loyalty, and Verizon Wireless boasts the highest customer loyalty in the industry, as measured by the company's low percent of customer turnover.
"The value we offer our customers is closely tied to our industry-leading customer retention," Fallis said. "Wireless consumers today understand that value is not defined by price alone. A major reason our customers choose Verizon Wireless and stay with us is because we offer the nation's most reliable network."
This new cell site is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Missouri and throughout the country. Verizon Wireless has invested more than $48 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. More than $26 million was spent in Missouri in the first half of 2008.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 83.7 million customers. Headquartered in Basking Ridge, N.J., with 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ - News) and Vodafone (NYSE and LSE: VOD - News News). For more information, visit http://www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Wireless Phone Users in Jackson County, Missouri Now Experience Even Clearer Reception and Fewer Dropped Calls
Thursday January 15
Verizon Wireless
Verizon Wireless Activates New Cell Site in Kansas City
KANSAS CITY, Mo., Jan. 15 /PRNewswire/ -- Verizon Wireless, the only major carrier with a 30-day network test-drive pledge that pays for calls if a customer isn't satisfied and switches to another carrier, has activated a new cell site in Kansas City, Mo., that expands network coverage and increases capacity, enabling more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; and download games and ringtones while enjoying clearer reception and fewer dropped calls.
This new cell site improves Verizon Wireless' voice and data network around the Brookside neighborhood, from Wornall Rd. east to Prospect Ave., and from 59th Street north to 39th Street.
"This network enhancement reflects our ongoing commitment to meet the growing needs of our customers and to provide them with the reliable, high quality service they expect from Verizon Wireless," said Brendan Fallis, president-Kansas/Missouri Region, Verizon Wireless.
Reliable service is fundamental to customer loyalty, and Verizon Wireless boasts the highest customer loyalty in the industry, as measured by the company's low percent of customer turnover.
"The value we offer our customers is closely tied to our industry-leading customer retention," Fallis said. "Wireless consumers today understand that value is not defined by price alone. A major reason our customers choose Verizon Wireless and stay with us is because we offer the nation's most reliable network."
This new cell site is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Missouri and throughout the country. Verizon Wireless has invested more than $48 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. More than $26 million was spent in Missouri in the first half of 2008.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 83.7 million customers. Headquartered in Basking Ridge, N.J., with 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ - News) and Vodafone (NYSE and LSE: VOD - News News). For more information, visit http://www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless to fill 160 jobs in Wilmington
Verizon Wireless to fill 160 jobs in Wilmington
Jan 15, 2009
by Lynda Figueredo
Verizon Wireless
WILMINGTON, NC (WECT) - Verizon Wireless is looking to fill more than 100 customer service positions in Wilmington by August 2009.
The phone has been ringing nonstop at the Employment Security Commission in Wilmington, and Verizon is giving the unemployed some hope.
"Anything is good right now," said newly unemployed John Roeck. "I did customer service with a restaurant, so I would be more than comfortable with a customer service job."
With businesses across town laying off employees and cutting down on supplies, Verizon Wireless is keeping its lot full and plans to fill many spots in the near future.
Verizon Wireless is looking to fill 160 position at its Call Center in Wilmington. Those jobs pay about $27,000 a year, plus benefits.
People like Roeck are in luck because the company is looking for people with a background in customer service.
Sherwood Southerland, the regional manager for the Employment Security Commission, said with unemployment rates up 122%, these open positions are a big help to the community.
"Anytime we hear about additional job openings especially 100 plus, it is a great thing locally, and probably to a certain degree maybe a little unusual," said Southerland.
Southerland said it's rare that he can transfer some of the calls from his office to Verizon.
To learn how you can start a career at Verizon Wireless, click here.
Jan 15, 2009
by Lynda Figueredo
Verizon Wireless
WILMINGTON, NC (WECT) - Verizon Wireless is looking to fill more than 100 customer service positions in Wilmington by August 2009.
The phone has been ringing nonstop at the Employment Security Commission in Wilmington, and Verizon is giving the unemployed some hope.
"Anything is good right now," said newly unemployed John Roeck. "I did customer service with a restaurant, so I would be more than comfortable with a customer service job."
With businesses across town laying off employees and cutting down on supplies, Verizon Wireless is keeping its lot full and plans to fill many spots in the near future.
Verizon Wireless is looking to fill 160 position at its Call Center in Wilmington. Those jobs pay about $27,000 a year, plus benefits.
People like Roeck are in luck because the company is looking for people with a background in customer service.
Sherwood Southerland, the regional manager for the Employment Security Commission, said with unemployment rates up 122%, these open positions are a big help to the community.
"Anytime we hear about additional job openings especially 100 plus, it is a great thing locally, and probably to a certain degree maybe a little unusual," said Southerland.
Southerland said it's rare that he can transfer some of the calls from his office to Verizon.
To learn how you can start a career at Verizon Wireless, click here.
Manhattan Residents Benefit from Verizon Wireless Network Expansion
Press Release Source: Verizon Wireless
Manhattan Residents Benefit from Verizon Wireless Network Expansion
Wednesday January 14
Verizon Wireless
Investing to Stay Ahead of Growing Demand for Wireless Calling, Data Access and Music as Area Businesses and Consumers Increasingly Rely on All-in-One Wireless Devices
ORANGEBURG, N.Y., Jan. 14 /PRNewswire/ -- Wireless calling, text messaging and surfing the Mobile Web for email and information now are easier and faster for Verizon Wireless customers in Manhattan, thanks to the activation of a new cell site.
The new cell site improves network coverage and capacity in Manhattan along Edgecombe Avenue from 130th to 153rd streets.
With the improved network coverage, more customers can use their wireless phones to send and receive email and text, picture and video messages; view high-quality videos; and access turn-by-turn directions, while enjoying clearer reception and fewer dropped calls.
"Reliable networks aren't built overnight," said Pat Devlin, president of the company's New York Metro Region. "Today's wireless customers demand much more than voice service and this network expansion reflects our ongoing commitment to stay ahead of the curve. New and exciting multimedia devices, like the BlackBerry® Storm, leverage the high-speeds of the Verizon Wireless 3G network. We will continue to efficiently invest in network enhancements to deliver the most reliable voice, data and multimedia services available."
Verizon Wireless has invested over $2 billion to enhance its New York/New Jersey Metro network and more than $48 billion across the nation since it was formed in 2000. The company's 3G wireless broadband network is the largest and most reliable in the U.S.
Demand for Verizon Wireless services continued during the third quarter of 2008 when the company added 1.48 million new customers, and continued its industry-leading customer loyalty rates. Verizon Wireless now serves more than 83.7 million customers nationwide. During the third quarter, the company delivered nearly 80 billion text messages and completed nearly 1.5 billion picture/video messages and 43 million music downloads.
Nationally, Verizon Wireless' real-life test men and women drive 98 specially equipped vehicles nearly one million miles each year on the country's most frequently traveled roadways to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.
For more information on Verizon Wireless, please visit www.verizonwireless.com.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 83.7 million customers. Headquartered in Basking Ridge, N.J., with 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ - News) and Vodafone (NYSE and LSE: VOD - News News). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia
Manhattan Residents Benefit from Verizon Wireless Network Expansion
Wednesday January 14
Verizon Wireless
Investing to Stay Ahead of Growing Demand for Wireless Calling, Data Access and Music as Area Businesses and Consumers Increasingly Rely on All-in-One Wireless Devices
ORANGEBURG, N.Y., Jan. 14 /PRNewswire/ -- Wireless calling, text messaging and surfing the Mobile Web for email and information now are easier and faster for Verizon Wireless customers in Manhattan, thanks to the activation of a new cell site.
The new cell site improves network coverage and capacity in Manhattan along Edgecombe Avenue from 130th to 153rd streets.
With the improved network coverage, more customers can use their wireless phones to send and receive email and text, picture and video messages; view high-quality videos; and access turn-by-turn directions, while enjoying clearer reception and fewer dropped calls.
"Reliable networks aren't built overnight," said Pat Devlin, president of the company's New York Metro Region. "Today's wireless customers demand much more than voice service and this network expansion reflects our ongoing commitment to stay ahead of the curve. New and exciting multimedia devices, like the BlackBerry® Storm, leverage the high-speeds of the Verizon Wireless 3G network. We will continue to efficiently invest in network enhancements to deliver the most reliable voice, data and multimedia services available."
Verizon Wireless has invested over $2 billion to enhance its New York/New Jersey Metro network and more than $48 billion across the nation since it was formed in 2000. The company's 3G wireless broadband network is the largest and most reliable in the U.S.
Demand for Verizon Wireless services continued during the third quarter of 2008 when the company added 1.48 million new customers, and continued its industry-leading customer loyalty rates. Verizon Wireless now serves more than 83.7 million customers nationwide. During the third quarter, the company delivered nearly 80 billion text messages and completed nearly 1.5 billion picture/video messages and 43 million music downloads.
Nationally, Verizon Wireless' real-life test men and women drive 98 specially equipped vehicles nearly one million miles each year on the country's most frequently traveled roadways to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.
For more information on Verizon Wireless, please visit www.verizonwireless.com.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 83.7 million customers. Headquartered in Basking Ridge, N.J., with 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ - News) and Vodafone (NYSE and LSE: VOD - News News). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia
Tuesday, January 13, 2009
Verizon Wireless buys Alltel for $5.9 billion
Verizon Wireless buys Alltel for $5.9 billion
By Trevor Anderson
January 9, 2009
Can you hear me now, Chad?
Verizon Wireless announced Friday it closed a $5.9 billion deal to acquire Alltel Corp. from Atlantis Holdings LLC.
Baskin Ridge, N.J.-based Verizon said in a news release the merger will expand its network coverage to about 290 million people, making it the largest cellular phone company in the world.
Verizon will absorb Alltel's $22 billion debt and will continue to use the Alltel brand name and operate its retail stores for the next several months while the transition is under way.
"It's a very exciting day for us," Karen Schultz, Verizon's public relations manager for its Carolinas/Tennessee Region, said in a phone interview. "We're thrilled to welcome our new team members and customers. It's going to be an exciting year for everyone."
She said as a regulatory condition of the purchase, Verizon must sell 105 overlapping markets in 24 states.
A majority of the markets sold will be from Alltel, and Verizon will divest in four markets it held before the buyout. It also plans to sell Unicel operations it owns in Minnesota and Kansas.
Verizon said it will pick up Alltel's 12.9 million customers and will have 83.7 million total customers after the divestiture.
Alltel markets covering Cherokee and Union counties were listed among those that will not be retained by Verizon.
"As a part of the regulatory requirements of the purchase, Alltel customers in those areas will not become Verizon customers," Schultz said.
She said Verizon will eventually re-brand Alltel operations in the retained markets in phases, beginning in the second quarter and continuing through the third quarter of 2009, as billing conversions are completed throughout the country.
Schultz also said Alltel customers in markets that will be retained should receive a letter within the next few weeks informing them of the purchase and of new services that will be available to them when they transition to Verizon Wireless.
"Alltel customers don't need to take any action at this time," Schulz said. "Most will be able to keep their same handsets, as Verizon and Alltel are on the same system."
Verizon said it will retain all Alltel employees below the executive level as the company assesses positions that need to be cut or be kept under the new arrangement.
The company said it expects to gain more than $9 billion in aggregate capital and operating expense savings as a result of the acquisition.
By Trevor Anderson
January 9, 2009
Can you hear me now, Chad?
Verizon Wireless announced Friday it closed a $5.9 billion deal to acquire Alltel Corp. from Atlantis Holdings LLC.
Baskin Ridge, N.J.-based Verizon said in a news release the merger will expand its network coverage to about 290 million people, making it the largest cellular phone company in the world.
Verizon will absorb Alltel's $22 billion debt and will continue to use the Alltel brand name and operate its retail stores for the next several months while the transition is under way.
"It's a very exciting day for us," Karen Schultz, Verizon's public relations manager for its Carolinas/Tennessee Region, said in a phone interview. "We're thrilled to welcome our new team members and customers. It's going to be an exciting year for everyone."
She said as a regulatory condition of the purchase, Verizon must sell 105 overlapping markets in 24 states.
A majority of the markets sold will be from Alltel, and Verizon will divest in four markets it held before the buyout. It also plans to sell Unicel operations it owns in Minnesota and Kansas.
Verizon said it will pick up Alltel's 12.9 million customers and will have 83.7 million total customers after the divestiture.
Alltel markets covering Cherokee and Union counties were listed among those that will not be retained by Verizon.
"As a part of the regulatory requirements of the purchase, Alltel customers in those areas will not become Verizon customers," Schultz said.
She said Verizon will eventually re-brand Alltel operations in the retained markets in phases, beginning in the second quarter and continuing through the third quarter of 2009, as billing conversions are completed throughout the country.
Schultz also said Alltel customers in markets that will be retained should receive a letter within the next few weeks informing them of the purchase and of new services that will be available to them when they transition to Verizon Wireless.
"Alltel customers don't need to take any action at this time," Schulz said. "Most will be able to keep their same handsets, as Verizon and Alltel are on the same system."
Verizon said it will retain all Alltel employees below the executive level as the company assesses positions that need to be cut or be kept under the new arrangement.
The company said it expects to gain more than $9 billion in aggregate capital and operating expense savings as a result of the acquisition.
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