TODAY'S TOP STORIES
FONT-SIZE Plus   Neg
Share SHARE

Verizon Wireless To Buy Wireless Operating Assets In New Mexico

Verizon Wireless, a joint venture of Verizon Communications (VZ: Quote) and Vodafone (VOD: Quote,VOD.L), announced that it has signed a definitive agreement to purchase wireless operating assets in New Mexico RSA #6, owned by E.N.M.R. Telephone Cooperative and its subsidiary Plateau Telecommunications. Financial terms are not being disclosed. The transaction is subject to FCC approval and is expected to close in mid-year 2012.

Verizon Wireless said that the purchase will expand its brand and network footprint in southeastern New Mexico to the counties of Eddy, Chaves, Lea and a portion of Lincoln that it doesn't already serve.

The purchase includes Plateau Wireless' Cellular, PCS and AWS spectrum, customers, and related GSM operations in the southeastern New Mexico market. The licenses and the operating assets being acquired cover a rural population of 259,000 and approximately 26,100 square miles, including state highways US 285, US 54 and US 70. Major population centers include Roswell, Carlsbad, Artesia and Hobbs, New Mexico.

Click here to receive FREE breaking news email alerts for Vodafone Group Plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.