Verizon in talks to buy Alltel

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Alltel, the little carrier that could, is in talks with Verizon to merge this year. Verizon is expected to pay eight times Alltel’s EBITDA (“Earnings before interest, tax, depreciation and amortization”). How much that is we do not know but it’s definitely more than fifty dollars.

UPDATE – The deal could be about $27 billion, according to Reuters.

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