FCC OKs Verizon's Buy of Alltel

Updated from Tuesday, Nov. 4

The Federal Communications Commission delayed the start of its Election Day meeting on Tuesday as regulators hammered out a conditional approval for Verizon's (VZ Quote) acquisition of Alltel.

According to a report by the Associated Press, the FCC is attaching several conditions to the deal, including a requirement that Verizon Wireless, a joint venture of Verizon and Vodafone(VOD Quote), honor Alltel's existing roaming agreements for four years. Previously, FCC Chairman Kevin Martin said he was in favor of requiring Verizon to keep existing roaming agreements intact for two years. ...