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Verizon gobbles up mobile minnows Golden State Cellular and Mobi PCS [TeleGeography CommsUpdate](TeleGeography CommsUpdate Via Acquire Media NewsEdge) 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. (c) 2014 PriMetrica, Inc. All Rights Reserved. Provided by Syndigate.info, an Albawaba.com company |