Verizon To Buy Alltel

<a href="">The New York Times</a>

Jim Manico, OWASP Global Board Member

June 5, 2008

1 Min Read

Verizon Communications has agreed to acquire Alltel, pushing it ahead of AT&T Wireless as the nation's largest cell-phone provider.The deal, valued at $28.1 million, is expected to close by the end of the year, creating a company with more than 80 million subscribers. Analysts say the merger is a good fit given the two companies both employ CDMA communication technology, plus Alltel -- bought only last fall by TPG -- has customers in regions not serviced by Verizon.

"This move will create an enhanced platform of network coverage, spectrum and customer care to better serve the growing needs of both Alltel and Verizon Wireless customers for reliable basic and advanced broadband wireless services," said Verizon Wireless chief Lowell McAdam in a statement.The New York Times

About the Author(s)

Jim Manico

OWASP Global Board Member

Jim Manico is a Global Board Member for the OWASP foundation where he helps drive the strategic vision for the organization. OWASP's mission is to make software security visible, so that individuals and organizations worldwide can make informed decisions about true software security risks. OWASP's AppSecUSA<> conferences represent the nonprofit's largest outreach efforts to advance its mission of spreading security knowledge, for more information and to register, see here<>. Jim is also the founder of Manicode Security where he trains software developers on secure coding and security engineering. He has a 18 year history building software as a developer and architect. Jim is a frequent speaker on secure software practices and is a member of the JavaOne rockstar speaker community. He is the author of Iron-Clad Java: Building Secure Web Applications<> from McGraw-Hill and founder of Brakeman Pro. Investor/Advisor for Signal Sciences.

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