FCC Clears Verizon Wireless's Acquisition of Rural Cellular

News Item Related News Comments

posted Aug 4, 2008, 8:31 AM   by Eric M. Zeman
updated Aug 4, 2008, 11:31 AM

Updated: corrected number of markets being divested in Vermont

The FCC has given Verizon Wireless permission to acquire Rural Cellular Corporation. In order to complete the purchase, one of the two companies will need to divest wireless licenses and assets in six different markets, one in New York, three in Vermont, and two in Washington. The acquisition was first announced in July 2007. Verizon Wireless is paying $2.67 billion for RCC's assets in markets spread around New England, the Mid West, the South and the Pacific Northwest, which cover 716,000 people.

more info at FCC »
more info »

26 comments on this news item ›

Related news:
Verizon Wireless Will Have to Divest Assets to Buy RCC   Jun 10, 2008
AT&T, Verizon Wireless Swap Assets to Meet Regulatory Compliance   Dec 4, 2007
Verizon Expands Coverage With Purchase of Rural Cellular   Jul 30, 2007
AT&T and Verizon Wireless Finalize Asset Swap   Dec 22, 2008
AT&T Going After Verizon Wireless Assets   Feb 4, 2009

more related news ›