Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade VZ now with 

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.

Click here to receive FREE breaking news email alerts for Verizon Communications and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast. Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
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.