Alltel will spin off its wireline business and merge it with VALOR Communications Group, creating a major wireline operator focused on the rural U.S. market. The deal was valued at about $9.1 billion. The following are the highlights for the combined wireline business:Revenues and operating income before depreciation and amortization (pre-synergy) for the last 12 months ending Sept. 30, 2005, were $3.4 billion and $1.7 billion, respectively. The company will have about 3.4 million customers in 16 states. The company expects to gain $40 million...