AT&T and Verizon Wireless Finalize Asset Swap

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posted Dec 22, 2008, 1:46 PM   by Eric M. Zeman

AT&T and Verizon Wireless announced the completion of the FCC-mandated asset swap. AT&T picked up Rural Cellular Corporation properties from Verizon Wireless, including licenses, network assets and subscribers, in the Burlington, Vt. metropolitan service area, as well as rural areas of Kentucky, New York, Vermont, and Washington states. In return, Verizon Wireless acquired former Dobson Communications Corporation properties, including licenses, network assets and subscribers, in Kentucky, as well as 10 MHz of PCS spectrum in a number of areas and an undisclosed amount of cash.

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