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ALLTEL Corp. and 360 Communications announced March 16 the two companies will merge in a $6 billion deal. The combined company will have its headquarters in Little Rock, Ark., where ALLTEL is now based.
"The merger of ALLTEL and 360 creates a new, formidable competitor ideally positioned as one of the leading growth companies in the communications industry," said Joe T. Ford, chairman and chief executive officer of ALLTEL, in a release.
Dennis E. Foster, 360's president and CEO, said the merger will provide important...