Verizon Borrows $17B to Finish Alltel Buy

Verizon Communications Inc.’s(VZ) purchase of Alltel Corp. really is a go now that Verizon’s secured $17 billion in credit to finalize the transaction.

Some outlets think the credit coup signifies a change for the better in the economy, but really, if anyone could squeeze loans out of the financial market, it’s a behemoth like Verizon.

Verizon got final regulatory approvals yesterday from the Federal Trade Commission.

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