Although Verizon Wireless has announced its intention to purchase Rural Cellular in July 2007, the FCC permitted the deal only earlier this August.
Verizon Wireless has just declared the completion of its purchase of Rural Cellular Corporation for $2.66 billion in cash and arrears. The acquisition is expected to boost Verizon Wireless’ accredited coverage area by 4.7 million people, and will add licenses to embrace the potential market in Maine, New Hampshire, Massachusetts, Alabama, Mississippi, Minnesota, North Dakota, South Dakota, Wisconsin, Idaho, Washington and Oregon.
