Fitch Withdraws Certain Alltel Ratings on Repayment

CHICAGO--(Business Wire)--
Fitch Ratings has withdrawn ratings assigned to certain securities of Alltel
Communications Inc. (ACI) following the close of the acquisition of Alltel
Corporation (Alltel) by Cellco Partnership on Jan. 9, 2009. Cellco Partnership
is a Delaware general partnership doing business as Verizon Wireless (VZW).
Verizon Communications, Inc. (Verizon) (NYSE: VZ) owns 55% of the partnership,
while Vodafone Group Plc owns 45%.

The following ratings have been withdrawn as the debt has been repaid:

Alltel Communications Inc. (ACI)

-- Senior secured bank credit facility due 2015 rated 'A';

-- Senior unsecured cash pay debt bank credit facility due 2015 rated 'A';

-- Senior unsecured PIK toggle debt bank credit facility due 2017 rated 'A'.

Fitch will maintain its 'A' rating on ACI's 10.375%/11.125% PIK toggle notes due
2017. The amount outstanding was reduced to $190 million from $1 billion at the
close of the transaction.

Fitch's rating definitions and the terms of use of such ratings are available on
the agency's public site, www.fitchratings.com. Published ratings, criteria and
methodologies are available from this site, at all times. Fitch's code of
conduct, confidentiality, conflicts of interest, affiliate firewall, compliance
and other relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

Fitch Ratings
John Culver, CFA, +1-312-368-3216 (Chicago)
Bill Densmore, +1-312-368-3125 (Chicago)
Cindy Stoller, +1-212-908-0526 (Media Relations, New York)
cindy.stoller@fitchratings.com

Copyright Business Wire 2009