Verizon Offers To Divest 15 More Markets As Alltel Buy Proceeds

Verizon Wireless upped the ante in a letter to the Federal Communications Commission this week, offering to divest 15 more markets to move its acquisition of Alltel. The markets are in Alabama, Arizona, Georgia, Iowa, Minnesota, Nebraska, New Mexico, North Carolina, South Carolina and Utah. The offer comes several months after Verizon's initial proposal on July 22 to divest spectrum holdings 85 markets across the United States.