Jul

30

Verizon continues rural expansion

Posted by cellphones

July 30, 2007 |

Today Verizon Wireless announced plans to buy Rural Cellular for $757 million to expand their rural market in 15 states. The deal should be approved in the first half of 2008, both companies said, subject to government and stockholder approval. Verizon Communications also announced wireless and wireline earnings of $1.7 billion in the second quarter, up slightly from a year ago, with $23.3 billion in revenues, up 6.3% from the second quarter of 2006.

Last month AT&T announced that it would buy Dobson Communications for $2. 8 billion, in its expansion of its rural network. This seems to continue the trend of the little guys being gobbled up by the big players and all the struggles that come with it are felt by the customers. Having been through two of these with Powertel and Omnipoint mergers where billing errors and grandfathered rate plans created issues that take quite awhile to clean up.


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