Chad sold out! I guess this means that Verizon will take the title of the largest wireless network by buying the 5th largest.
Personally I tried reading all this stuff in the press release made by Vodaphone about the acquisition but I don’t understand half of it. Personally it set off my bullshit detector… I couldn’t even make this stuff up.
“We expect the acquisition of Alltel to significantly increase the value of our 45% interest in VZW through the realisation of substantial in-market synergies and to reinforce its leading position in the world’s largest mobile market by revenues. Whilst VZW’s free cash flows will initially be deployed in reducing net debt, the VZW Board has agreed to conduct an annual dividend review process and to the payment of enhanced tax distributions.”
What exactly does “realisation of substantial in-market synergies” mean? Does that just mean it was a good deal? Also who uses the word “Whilst.”