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Alltel Verizon merger FCC vote predictions

Discussion in 'Alltel Forum' started by WirelessBeachBum, Oct 22, 2008.

?

I predict the FCC will:

Poll closed Oct 31, 2008.
  1. Approve the Alltel/Verizon merger as is.

    11 vote(s)
    50.0%
  2. Block the Alltel/Verizon merger.

    3 vote(s)
    13.6%
  3. Approve the merger but require additional divestures.

    8 vote(s)
    36.4%
  4. Verizon will back out before the vote.

    0 vote(s)
    0.0%
  1. WirelessBeachBum

    WirelessBeachBum Soylent Green is People
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    With the FCC voting on November 4th concerning the Alltel Verizon Merger, what are your predictions?
     
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  2. MrObvious

    MrObvious Senior Member
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    I got the feeling we will be assimilated but it would be nice if we weren't.
     
  3. KyleAndMelissa22

    KyleAndMelissa22 Woot Woot, Splat !!!
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    Hey great idea for a poll!

    I voted for blocking the merger, as I feel it will hurt competition....
     
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  4. music4praise

    music4praise Senior Member

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    I think the poll was to predict what will happen rather than vote what we hope will happen.
     
  5. KyleAndMelissa22

    KyleAndMelissa22 Woot Woot, Splat !!!
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    I think the FCC will discuss the competition topic as well,
    and if all goes well with that, there is a good chance it will not go through, IMO.
     
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  6. MrObvious

    MrObvious Senior Member
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    I have no clue what will happen. I just want it done.
     
  7. shango

    shango Junior Member
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    The reason for the push to get the through is to do it before the republican majority in the Fcc changes. Republicans are traditionally more favorable to property than people. Good chance this will pass, may need a few adjustments but most likely it will pass.

    I'm kinda surprised Verizon didn't pull out then wait for the value of Alltel to crash and come back in and get it for a low price.
    This could go just about any way......
     
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  8. MrObvious

    MrObvious Senior Member
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    Hmm good points shango. If Verizon was smart they would clean up their act before they bought 13 million customers out of their loyalties to a decent cell company.
     
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  9. spleck

    spleck Tool
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    I think there's a payout clause if VZW pulls out of the offer. If they did that only to try again at a lower price, I think the ill-will created would make the deal not worth it, and probably make Alltel's "owners" AND the FCC less likely to approve.

    Also, isn't MOST of the purchase price set by the debt from the leverage buyout by TPG/GS? If so, its probably either 27 billion or no-sale. I think with the credit and economy issues going on right now, Alltel probably couldn't survive on its own if the private equity firms have to refinance.

    I think TPG/GS see this buyout as the only way out. If they sell to anybody else, it would be at a major loss. I doubt anyone else can afford them even. If they have to refinance without a buyout, if credit can even be secured, then the cost of that refinance will probably be further debt burden on Alltel. If they can't refinance, then Alltel will probably have to be parted out at a major loss to cover the debt. That would leave whatever is left at a further disadvantage.

    Basically, right now it sucks to have been the victim of a leveraged buyout right before the economy collapses.

    From VZW's point of view, the buyout is still a major market advantage for the long run, even if its at a high cost. They are probably nearing the point when backing out may be the safer bet though. If VZW decides they only want a smaller portion of Alltel, they may wait until the divestiture limit is reached that prevents their back out payment. Then they can pick up some strategic pieces for cheap. More likely though is that VZW is hard at work arranging buyers for as many portions of Alltel as they can so that they only pay for what they want, and not all the baggage that they can't afford anymore. Plus, this way VZW picks who gets what.
     
  10. jrichcable

    jrichcable New Member

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    I currently have alltel but i'm looking forward to the verizon/alltel merger for the availablity of new phones. Alltel does not have a great selection of equipment in my area and i think verizon will improve on that issue...
     
  11. PTCO911

    PTCO911 Junior Member
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    I voted that the FCC will require more divestitures. I am riding the fence regarding the buyout. I would like the additional phone selection, but the uncerntainty of the plan prices doesn't bode well.
     

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