Verizon Snaps Up SureWest Assets
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Comments 9
May 9, 2008, 3:53 PM by Eric M. Zeman
Verizon Wireless has purchased the assets of SureWest Communications in northern California. Verizon paid $69 million for SureWest's spectrum licenses and network and operations assets in the Sacramento metropolitan region. SureWest's 50,000 customers will be transitioned to Verizon Wireless, which is using the spectrum licenses to increase its capacity in the region.
source: Verizon Wireless
PEZMay 10, 2008, 8:10 AM
money
Verizon hasnt even figured out how they are going to pay for the auction they just won. Thats no easy scratch right there either.
they'll pay for the auction by selling services that use those frequencies...it'll pay for itself pretty quickly. in the 700 Mghz band, you can blast broadband into a fallout bunker! business's espcially will line up to have access t that, as well as ...
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Is there any evidence Verizon didn't have a plan to pay for the auction? As mentioned its a profitable company with assets to make a loan probable. It's also owned by two strong parent companies. This purchase doesn't exactly diminish it's oeverall ...
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they've already stated that they (Verizon) were going to sell off stock to pay for the new spectrum. Besides, after paying close to $10 BILLION, $69 million is a drop in the bucket. hell they could just ask Lowell for a loan from his personal bank ac...
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Don't mistake the Wireless division for the landline division. The wireless division is highly profitable.