Verizon gobbles up mobile minnows Golden State Cellular and Mobi PCS

23 Apr 2014

US giant Verizon Wireless has lined up a pair of takeover deals for regional mobile operators, Fierce Wireless reports. The two-pronged acquisition will see Verizon first acquire spectrum, network assets and customers from California-based Golden State Cellular, before scooping up Hawaii’s Mobi PCS. The latter deal reportedly includes a leaseback of 10MHz of spectrum, which Mobi PCS will use as it transitions away from being a facilities-based service provider. Financial terms relating to the transactions have not been disclosed, and both deals require Federal Communications Commission (FCC) approval.

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