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NEWS ABOUT: Universal Service Fund

FCC OKs $24.7B Alltel Buyout to Private Group

But wireless carrier's new owner faces "unnecessary" restrictions, commish says

(Newser) - The FCC approved a $24.7 billion takeover of Alltel yesterday, but not without imposing some restrictions on the deal and criticism from two of its top officials. Alltel, the nation’s fifth-largest wireless carrier, will now transfer its licenses to TPG Capital and GS Capital Partners, a subsidiary of... More »

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