VZC Verizon Comms

    RNS Number : 6123W
  Verizon Communications
  12 June 2008
   
    Verizon Communications Inc.



    Notice of filing with the Securities and Exchange Commission

    On June 11, 2008, Verizon Communications Inc. (Verizon) filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC)
disclosing in detail the Verizon Wireless announcement made on June 5,  2008, to acquire Alltel Corporation.

    On June 5, 2008, Cellco Partnership, a Delaware general partnership doing business as Verizon Wireless (Verizon Wireless), AirTouch
Cellular, a California corporation doing business as Verizon Wireless (Buyer), Abraham Merger Corporation, a Delaware corporation (Merger
Sub), Alltel Corporation, a Delaware corporation (Alltel), and Atlantis Holdings LLC, a Delaware limited liability company (Seller), entered
into an Agreement and Plan of Merger (Merger Agreement) pursuant to which Buyer will acquire Alltel in a cash transaction. Subject to the
terms and conditions of the Merger Agreement, Verizon Wireless will acquire 100% of the equity of Alltel for approximately $5.9 billion and,
at the effective time of the merger, Merger Sub will merge with and into Alltel (the "Merger"), and Alltel will continue as a wholly owned
subsidiary of Buyer. Alltel's projected net debt at the closing of the Merger is approximately $22.2 billion.

    This report may be viewed in more detail on the website of the SEC at www.sec.gov  and on the Verizon website at www.verizon.com.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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