Rumors of Verizon Wireless buying Alltel have been flying for some time. As of June 4th, the rumors are put to rest. Verizon announced they had reached an agreement with Alltel to purchase the 5th largest wireless carrier in the US for $28.1 billion. Verizon’s purchase of Alltel will make Verizon Wireless the carrier with the largest amount of subscribers in the Nation. AT&T Wireless will be the second largest carrier.

Read the full story at Network World and BBC News

Candace’s opinion on this: I’ve been a very happy Verizon customer for four years now. Though I do understand the business move Verizon has made with this purchase, I’m more looking to see how this will benefit the subscribers of both Verizon and Alltel. Will I be able to add Alltel customers to my list of “in” calling? Will I be able to have all the features I’m offered with fellow Verizon customers as well as Alltel subscribers? I’ll be keeping an eye on this to see what develops.