Verizon Wireless to Purchase SureWest Communications' Wireless Assets In Northern California
Posted on: Tuesday, 22 January 2008, 09:00 CST
BASKING RIDGE, N.J., Jan. 22 /PRNewswire/ -- Verizon Wireless and SureWest Communications announced today they have signed a definitive agreement for Verizon Wireless to purchase SureWest Communications' wireless assets in northern California, operating as SureWest Wireless, for $69.0 million.
The purchase includes SureWest Wireless' spectrum licenses, and network and operations assets in the greater Sacramento area. The licenses, which cover a population of 3.8 million people and overlap with areas currently served by Verizon Wireless, will expand the company's capacity in that area. Verizon Wireless plans to begin serving SureWest Wireless' more than 50,000 customers when the deal is finalized.
The transaction is expected to close in the second quarter of 2008 and is subject to federal regulatory approvals.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 63.7 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 68,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Robin B. Nicol, Verizon Wireless, +1-908-559-7515,Robin.Nicol@verizonwireless.com
Web site: http://www.verizonwireless.com/
Source: PRNewswire
Related Articles
- AUDIO from Medialink and Verizon Wireless: Verizon Wireless Lets You Stay Closer to Friends and Family
- Verizon's Strigl Says Communications Industry Is Key Force Driving Progress, Commerce and Lifestyles
- Verizon Wireless Purchases SureWest Communications' Wireless Assets in Northern California
- Verizon Unveils Next-Generation 'Verizon One' Home Communications Center for FiOS Customers
- B-Roll From the Verizon Wireless/Verizon News Conference at CES Available to Media
- Legal Win Boosts Stock in Wireless-Technology Firm Boston Communications Group
- Verizon One, Breakthrough Communications Command Center, Now Available to Verizon Consumer DSL Customers Nationwide
- CommScope AirBridge(TM) Wireless Plant Extension Receives Communications Technology Magazine's 2005 Readers' Choice Award
- Exar Acquires Assets of Infineon's Optical Networking Product Line; Infineon Focuses on Core Business Activities in Wireless and Broadband Access Communication Markets
- Verizon Wireless Is Taking Business Communication to a Whole New Level With the XV6600
 |
 |
User Comments (0)
RSS Feeds