Verizon reiterates Alltel intent

Investors may be a bit unsure about the fate of Verizon Wireless' $28.1 billion buyout of Alltel, but the carrier insists higher borrowing costs won't kill the deal. "This is an asset that's going to be valuable to us for 20 or 30 years," said Verizon Communications Chairman and CEO Ivan Seidenberg.

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