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Alltel company history timeline. In 1943, the Allied Telephone Company, a small business specializing in installing telephone poles and cabling for telephone companies across Arkansas, was founded by Charles Miller and Hugh Willbourn, Jr. In 1945, they opened a storefront in the Hillcrest district of Little Rock.
In 2015, Verizon expanded into content ownership by acquiring AOL, and two years later, it acquired Yahoo! Inc. AOL and Yahoo were amalgamated into a new division named Oath Inc., which was rebranded as Verizon Media in January 2019, and was spun off and rebranded to Yahoo after its sale to Apollo Global Management.
Mergers combine two separate businesses into a single new legal entity. True mergers are uncommon because it's rare for two equal companies to mutually benefit from combining resources and staff, including their CEOs.
Verizon Wireless announced its agreement, subject to regulatory approval, to acquire Alltel in June 2008. The DOJ approved the transaction in October and the FCC approved it in early November. EDITOR'S NOTE: A list of markets to be divested, by state and county, appears at the end of this release.
About the Merger AT&T recently completed an acquisition agreement with Verizon Wireless which included select Verizon Wireless, Unicel, and Alltel properties in your area.
On November 23, 2021, Verizon purchased TracFone Wireless which was worth an approximately $6.25 billion.
On June 5, 2008, Verizon Wireless announced it would acquire the majority of Alltel Wireless in a deal valued at $28.1 billion. The merger was approved by the Federal Communications Commission on the condition that Verizon divest 105 Alltel markets.