Consolidation Continues….

Verizon has consummated an acquisition of Unicel (aka Rural Wireless). The deal representing $2.67billion was completed as an all cash transaction. Unicel service area covers portions of Washington, Oregon, Minnesota and major portions of the Northeast
(map).

At 716,000 customers this acquisition is a small blip vis a vis the 47m customer base that Verizon Wireless possesses. It will be interesting to see how Verizon manages the conversion of those Unicel customers that were using the advanced GSM CPE back to CDMA.

link [HT: Consumerist]