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PR: Verizon Wireless to Acquire PCS Licenses Serving Little Rock and Pine Bluff Arkansas

Discussion in 'alt.cellular.verizon' started by CK, Dec 23, 2003.

  1. CK

    CK Guest

    http://biz.yahoo.com/prnews/031223/nytu024_1.html

    Verizon Wireless to Acquire PCS Licenses Serving Little Rock and Pine Bluff
    Arkansas
    Tuesday December 23, 8:33 am ET

    $7.75 Million Transaction Represents Major Expansion Of Company's Presence
    in State


    BEDMINSTER, N.J., Dec. 23 /PRNewswire/ -- Verizon Wireless today announced
    it has signed a definitive agreement to acquire 10 MHz PCS licenses from
    American Wireless License Group, LLC, covering the Arkansas Basic Trading
    Areas (BTAs) of Little Rock and Pine Bluff, for $7.75 million in cash.
    The company said it would use the radio spectrum, which lies adjacent to its
    license areas in Tennessee, Texas, Louisiana and Mississippi, to expand its
    network presence substantially in the state of Arkansas. Verizon Wireless
    customers traveling in the Little Rock and Pine Bluff areas today are served
    through roaming agreements with other wireless carriers. The total
    population (POPS) covered by the licenses is over 1.1 million. Major
    highways covered by the footprint include Interstates 40 and 30.

    The new licenses will become part of the Verizon Wireless South Area,
    headquartered in Alpharetta, GA. The company expects to close the
    transaction in the second quarter of 2004.

    About Verizon Wireless

    Verizon Wireless is the nation's leading provider of wireless
    communications. The company has the largest nationwide wireless voice and
    data network and 36 million customers. Headquartered in Bedminster, NJ,
    Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ -
    News) and Vodafone (NYSE: VOD - News; LSE: VOD - News). Find more
    information on the Web at www.verizonwireless.com.




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    Source: Verizon Wireless
     



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