Come Together, Right Now.
Well, consolidation isn't always a bad thing.
Verizon, the US mobile operator part-owned by Vodafone, is in talks to take over Alltel, America's fifth largest operator, with a view to snatching the number-one spot from AT&T. The story was broken by the Wall Street Journal, and Vodafone has confirmed that negotiations are taking place. Verizon apparently values Alltel at $ …
Hundreds of jobs will be lost if the merger goes ahead?
"Verizon and Alltel networks do overlap in coverage, and service centres, so they could be synergised out to a cost saving of about a $1bn a year."
I think thats what the paragraph above means but the management speak bollocks sounds much more dynamic and forward thinking
Well, consolidation isn't always a bad thing.
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