Verizon Wireless buys Centennial assets
SOUTH MISSISSIPPI — Verizon Wireless has purchased from AT&T certain operating assets of Centennial Communications Corp. in Louisiana and Mississippi for $235 million.
The transaction was agreed to last year by Verizon Wireless and AT&T and satisfies certain divestiture requirements of the regulatory approvals needed for AT&T to complete its acquisition of Centennial Communications.
The purchase includes Centennial’s spectrum licenses, network assets and more than 117,000 current customers in six service areas in Louisiana and Mississippi. The purchased Mississippi assets are located in the counties of Adams, Amite, Claiborne, Copiah, Franklin, Jefferson, Jefferson Davis, Lawrence, Lincoln, Marion, Pike, Simpson, Walthall and Wilkinson.
Verizon Wireless will continue to use the Centennial brand for the next several months as it works to convert Centennial’s existing wireless network to CDMA technology. Verizon Wireless also will roll out high-speed mobile broadband service on a market-by-market basis in the newly acquired properties.
For now, there are no changes to customers’ calling plans or service, according to Verizon Wireless. Before the network conversion in a particular area is complete, customers will receive a letter from Verizon Wireless explaining their service changeover. At that time, customers will have the opportunity to select a device comparable to their existing one at no additional cost or upgrade their device at a promotional price.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Molpus closes Fund after more than $662M in commitments
- MSU reminding fans that drones are prohibited at football games
- Politics of paying for transportation: Hand wringing and a lot of talk
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- Former DPS employees sentenced for selling bogus driver's licenses
- Researchers: Trapping, not hunting, best way to control wild hogs
- Realtors chooses Nita Wingard
- Entergy agrees to cut $35M from its new rate plan
- No debate, but Cochran and Childers lobby for votes for Senate