Verizon Wireless acquisition of Price Communications wireless business in Southeast finalized - Business - Brief Article

Mobile Internet, The, Sept, 2002

Verizon Wireless announced the completion of the acquisition of Price Communications' wireless business in the Southeast. Price Communications, which operates under the Cellular One brand in the Southeast, contributed all of its wireless business assets, including 40 retail stores, a regional call center in Atlanta, switching/network infrastructure and nearly 200 agent locations, to a newly formed subsidiary of Verizon Wireless. In the next 12-15 months, the business will adopt the Verizon Wireless brand and become part of the Verizon Wireless South Area, headquartered in Alpharetta, Georgia. Close to 600 Price Communications employees will join Verizon Wireless.

Under the terms of the transaction, Price Communications Wireless and Verizon Wireless formed a limited partnership, managed by Verizon Wireless, consisting of Price Communications' wireless operations and certain Verizon Wireless assets. In total, Price Communications Wireless served approximately 500,000 customers in 16 markets throughout Georgia, Alabama, South Carolina and Florida (including Macon, Augusta, Savannah, Columbus and Montgomery). The company's wireless licenses covered approximately 3.4 million POPS (Population Served).