Verizon Wireless To Acquire Rural Cellular Corporation
Verizon Wireless, a joint venture of Verizon Communications and Vodafone announced today that it has entered into an agreement to acquire Rural Cellular Corporation, for approximately $2.67 billion in cash and assumed debt. The combination will increase Verizon Wireless coverage by 4.7 million licensed POPs (population), and increase its customer base by more than 700,000.
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