Verizon Wireless Buys Cellular One Company
Dec 19, 2001, 4:23 AM by (staff)
Price Communications Corp. said on Wednesday it agreed to sell its wireless business to Verizon Wireless, the nation's largest wireless telephone company, for $1.15 billion, under revised conditions. The new agreement will give Verizon Wireless more presence in the U.S. Southeast, where Price serves 563,000 customers under the Cellular One brand. Verizon will get all of Price's wireless business assets including 41 company-owned retail stores, a regional call center in Atlanta, and network infrastructure. Price's wireless licenses cover about 3.4 million potential subscribers.
Verizon Closes Yahoo Acquisition, Launches Oath
Verizon Communications today said it has finalized its purchase of Yahoo. Now that the deal is complete, Verizon is merging its Yahoo and AOL assets into a new media company called Oath.
Verizon Picks Up XO's Fiber Network to Beef Up Backhaul
Verizon Communications today said it has agreed to acquire XO Communications' fiber business for $1.8 billion. The deal, says Verizon, will help it serve its enterprise and wholesale customers, as well as allow Verizon to further densify its cellular network.
Verizon to Shutter Some Offices, Eliminate Jobs
Verizon has informed employees that it plans to reduce the number of regional offices around the country and correspondingly reduce headcount. The company has 20 regional locations, which it plans to pare down to just six.
U.S. Carriers Share Galaxy S9 and S9+ Launch Plans and Pricing
All four major carriers in the U.S. plan to sell the Samsung Galaxy S9 and S9+ beginning in March.
Verizon to Buy Yahoo's Internet Business for $4.8B
Verizon Communications today said that it has agreed to buy Yahoo's core internet and search businesses for $4.83 billion. Yahoo's properties will join AOL under Verizon's ownership, to be managed by Marni Walden, EVP and President of the Product Innovation and New Businesses organization at Verizon.