Verizon Wireless Will Have to Divest Assets to Buy RCC
Article Comments 32
Jun 10, 2008, 12:31 PM by Eric M. Zeman
updated Jun 10, 2008, 4:03 PM
The Department of Justice has said that in order to acquire Rural Cellular Corporation, Verizon Wireless must divest some of RCC's existing wireless assets. In particular, Verizon Wireless will have to sell off some of RCC's assets in Vermont, New York, and Washington states. The DOJ has filed a lawsuit that will force Verizon Wireless to comply with the divestiture before the acquisition can proceed. Verizon Wireless announced its intent to acquire Rural Cellular Corporation for $2.7 billion in July 2007.
Aug 10, 2022
Samsung has announced its newest generation of foldable phones: the Galaxy Z Fold4 and Galaxy Z Flip4. Both have similar designs and features compared to their predecessors, with a slew of small updates and refinements across the board.
Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.
Jan 14, 2021
Samsung today officially unveiled its Galaxy S21 series of flagship phones for 2021. All three models sport a distinctive new "Contour Cut Camera" design where the metal frame extends around one corner to surround the rear cameras.
Mar 23, 2021
OnePlus today announced the OnePlus 9 and OnePlus 9 Pro, its newest flagship phones. The 9 Pro is a true flagship-class phone with a QHD AMOLED display with variable refresh from 1 to 120 Hz, and IP68 water rating, starting at $969.
Oct 1, 2020
New York State has launched COVID Alert NY, its official app enabling the COVID-19 Exposure Notification system developed by Apple and Google. New York is the largest US state to date to launch an app using the system, and joins ten other states that have already launched similar apps: Alabama, Arizona, Delaware, Nevada, New Jersey, North Carolina, North Dakota, Pennsylvania, Virginia, and Wyoming.
for those who know a bit more then me
Who would buy Unicell from Verizon?
would the loss of Unicell hurt Verizon at all in relation to acquired alltel?
Not only ...
Alltel?? This decision has nothing to do with them?
The process is four part to combine into what Verizon wants to do with Alltel and Unicell.
1. DOJ Approval of Unicell (this article)
2. FCC Approval of Unicell
3. DOJ Approval of Alltel
4. FCC Approval of Alltel
There will be more requirements to divest by the government resulting from the alltel deal just not this....
Is it just me...
Verizon in Vermont
The other reason besides monopoly considerations as to why this would be a problem is because Unicel is the only GSM carrier in the State, so T-Mobile/ATT users couldn't even roam if the GSM towers were discontinued.
I believe it's most likely that ATT will purchase the Unicel assets in Vermont, as it was mentioned a few months ago that Verizon and ATT would trade assets in a few areas where there is no competition due to acquisitions of smaller companies.
From DOJ's website about this.
"The Department of Justice announced today that it will require Verizon Communications Corp. (Verizon) to divest assets in six geographic areas in Vermont, New York and Washington in order to proceed with its $2.7 billion acquisition of Rural Cellular Corp. (RCC), which does business under the Unicel name. The Department said that the transaction as originally proposed would have substantially lessened competition to the detriment of consumers of mobile wireless telecommunications services in those areas, potentially resulting in higher prices, lower quality and reduced network investments. "
"The divestitures are required to assure continued competition in markets where th...
Can someone explain?
Some Info "The markets that DOJ wants Verizon divestitures are in Vermont, New Y...