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

Quick Facts

Editors Pick
Global consumer confidence increased in the second quarter to reach the highest levels since the first quarter in 2007 as job optimism improved, results of a survey by Nielsen showed Tuesday. The Nielsen Global Consumer Confidence Index rose a point from the previous quarter to 97 in the second quarter.... Texas Instruments Inc., the world's largest maker of analog chips, said Monday after the markets closed that its second quarter profit rose 3% from last year, as revenue increased 8%. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave an upbeat outlook for the third quarter. After coming under pressure in early trading on Monday, stocks regained some ground over the course of the trading session but still closed modestly lower. The pullback on the day partly offset the strength that was seen last week.
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.