Verizon to Scoop Up Two Small Carriers
Apr 21, 2014, 10:40 AM by Eric M. Zeman
Verizon Wireless recently filed paperwork with the Federal Communications Commission seeking permission to buy the assets of Golden State Cellular in California and Mobi PCS in Hawaii. Verizon confirmed with Fierce Wireless its plans to acquire Golden State Cellular's spectrum, network assets, and customers in several markets in California, including Amador, Alpine, Calaveras, Tuolumne, and Mariposa counties. Verizon will transition Golden State Cellular's 18,000 subscribers to its network within 15 months of the deal's closing. In Hawaii, Verizon will acquire 20-30MHz of PCS spectrum from Mobi PCS, and then lease back 10MHz of that spectrum so Mobi can transition away from being a stand-alone service provider. Verizon said Mobi is still exploring several different ways to exit its wireless business. Both proposal are subject to FCC and other government regulatory approval. Verizon and competitor AT&T have spent the last 12 to 18 months acquiring a significant number of small, regional network operators mostly for their spectrum assets.
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