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Articles tagged with: Department Of Justice and Verizon
Justice Department Requires Divestitures in Verizon's Acquisition of Rural Cellular Corp
The USA's Department of Justice has announced that it will require Verizon Communications to divest assets in six geographic areas in Vermont, New York and Washington in order to proceed with its $2.7 billion acquisition of Rural Cellular Corp. (RCC), which does business under the Unicel name. The Department said that the transaction as originally proposed would have substantially lessened competition to the detriment of consumers of mobile wireless telecommunications services in those areas, potentially resulting in higher prices, lower quality and reduced network investments. more
Related Tags: rural, rsa, fcc, antitrust, new-york, USA
UPDATE: Verizon Wireless Confirms $28 Billion Deal to Buy Alltel
(Updates with information from a Verizon presentation on the deal and update stock prices.) more
Related Tags: roaming, sprint-nextel, verizon-wireless, wall-street-journal, alltel, radio-spectrum, fcc, verizon-communications, seven, sprint, goldman-sachs, USA
No Telecom Immunity in Wiretap Bill From by Dems
WASHINGTON -(Dow Jones)- U.S. House Democrats unveiled Tuesday federal wiretapping legislation that wouldn't give immunity to telephone companies that may have cooperated with President George W. Bush's warrantless wiretapping program. more
Related Tags: privacy, wall-street-journal, qwest, USA
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