Plus   Neg

CIBL To Sell Partnership Interests In Two New Mexico Cellular - Quick Facts

CIBL Inc. announced that it has reached definitive agreements with Verizon Wireless to sell its partnership interests in two New Mexico cellular partnerships operated by Verizon.

These partnerships serve New Mexico Rural Service Areas or "RSAs" Nos. 3 and 5, covering the counties of Catron, Sierra, Socorro and Valencia (RSA No. 3), and Grant, Hidalgo and Luna (RSA No. 5).

Financial terms have not yet been disclosed. These sales cannot be completed unless a majority of the company's outstanding shares are voted in favor of the sales, and the Company intends to schedule a special meeting of shareholders for late April or early May to conduct the vote.

The company said its board recommended that shareholders approve the sales, and asked that all shareholders promptly return their proxies once they receive them, or attend the special meeting to vote in favor of the transactions.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT