U.S. Cellular To Buy PrimeCo Chicago
May 13, 2002, 10:58 AM by (staff)
U.S. Cellular announced that it has entered into a definitive agreement with PrimeCo to acquire the operating entity that owns the assets and certain liabilities of PrimeCo's wireless market in the Chicago Major Trading Area ("MTA") (excluding Kenosha County, Wis.). This includes its 20 megahertz PCS license covering a population of 13.1 million in four states. The company currently serves approximately 350,000 customers primarily in the Chicagoland area. The purchase price for the transaction is approximately $610 million in cash.
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