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Verizon Wireless Snaps Up Qwest Spectrum, Network

Jul 1, 2004, 5:42 PM by (staff)

Qwest and Verizon Wireless today announced an agreement for Verizon Wireless to purchase all of Qwest's current wireless network equipment and spectrum. The $418 million cash deal includes 62 major markets spanning 14 states. Qwest will keep its customers, and continue to offer wireless service via Sprint's network. The deal will allow Verizon to offer service for the first time in Rochester and St. Cloud, MN; Lincoln, NE; and Longview, WA. In the remaining areas, the assets will be used to enhance existing service and add capacity. The transaction is expected to close in the fourth quarter of this year or early 2005.

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Comments

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This forum is closed.

Jul 2, 2004, 10:24 AM

The shape of things to come?

Someone stop me when I'm wrong but it seems as though Verizon is buying up Qwest like Cingular did with ATTWS. With both Quest and AWS using the Sprint Network. So if my crystal ball is correct (which it seldom is) The Market place is boiling down to Cingular vs. Verizon (T-mobile and Nextel are some where in the backgraound. And Sprint is pimping their service to all the companies that are selling off their current networks. There is something "Mergers and Buyouts" that makes me feel uneasy. Then again maybe I'm just Paranoid. 🙄

viper

consolidation is clearly on its way.

I think its going to end being verizon vs. cingular vs. nextel/sprint.

Sprint and nextel MUST develop some sort of partnership to use the MMDS spectrum which they share. Both are investigating flarion for tha...
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muchdrama

X9 said:
Someone stop me when I'm wrong but it seems as though Verizon is buying up Qwest like Cingular did with ATTWS. With both Quest and AWS using the Sprint Network. So if my crystal ball is correct (which it seldom is) The Mar

...
(continues)

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