Vodafone confirms Verizon in talks to buy Alltel
LONDON (Reuters) - Vodafone (VOD.L) confirmed on Thursday that U.S.-based Verizon Wireless, in which it has a 45 percent stake, is in advanced talks about buying U.S. rural mobile service provider Alltel.
Verizon Wireless is close to buying Alltel for $27 billion (14 billion pounds), including debt, a source familiar with the talks told Reuters on Wednesday, in a deal that would mean it overtakes AT&T (T.N) as the top U.S. wireless service.
(Reporting by Chris Wills,; Editing by Erica Billingham )
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