Item 8.01 Other Events.

Verizon Communications Inc. stated that on January 2, 2009, pursuant to the Agreement and Plan of Merger dated as of June 5, 2008 among Cellco Partnership, AirTouch Cellular, Abraham Merger Corporation, Alltel Corporation, and Atlantis Holdings LLC (the "Merger Agreement"), AirTouch Cellular doing business as Verizon Wireless gave notice to Alltel Corporation that the closing date of the merger contemplated by the Merger Agreement will be January 9, 2009, subject to satisfaction or waiver of the closing conditions set forth in the Merger Agreement.

NOTE: This report contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The following important factors could affect future results and could cause those results to differ materially from those expressed in the forward-looking statements: materially adverse changes in economic and industry conditions and labor matters, including workforce levels and labor negotiations, and any resulting financial and/or operational impact, in the markets served by us or by companies in which we have substantial investments; material changes in available technology, including disruption of our suppliers' provisioning of critical products or services; the impact of natural or man-made disasters or litigation and any resulting financial impact not covered by insurance; technology substitution; an adverse change in the ratings afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets impacting the cost, including interest rates, and/or availability of financing; the final results of federal and state regulatory proceedings concerning our provision of retail and wholesale services and judicial review of those results; the effects of competition in our markets; the timing, scope and financial impact of our deployment of fiber-to-the-premises broadband technology; the ability of Verizon Wireless to continue to obtain sufficient spectrum resources; changes in our accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings; and the ability to complete acquisitions and dispositions.

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