Technology Industry
Industry: Email Alert RSS FeedBell Industries buys into paging with purchase of SkyTel from Verizon.(News)
RCR Wireless News, November, 2006
Byline: KELLY HILL Verizon Communications Inc. is selling off a paging and wireless telemetry unit that it acquired when it purchased the former MCI Inc. earlier this year. Bell Industries Inc. agreed to purchase Verizon Communications' subsidiary SkyTel Corp., which provides paging, telemetry, two-way messaging and e-mail to business and government customers.
SkyTel, which is based in Clinton, Miss., earned revenues of more than $100 million during the past 12 months. Terms of the deal, which still requires regulatory approval, were not disclosed. The companies expect the transaction to close within the next few months. "This transaction is in keeping with our objective of providing additional growth vehicles for Bell and expanding our...
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