Verizon Wireless Completes Purchase Of Urban Comm-North Carolina Spectrum Licenses In 10 Markets
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BEDMINSTER, NJ — Verizon Wireless announced today that it has completed the purchase, initially announced in January, of spectrum licenses in 10 North Carolina markets from Urban Comm-North Carolina for $68.5 million.
"We will put this spectrum to work in our network to benefit our North Carolina customers, by having the capacity in place when they need it to meet their growing demand for voice and data services and by expanding America's best, most reliable network to new areas of the state," said Jerry Fountain, president of Verizon Wireless' Carolinas/Tennessee region.
The purchase includes 10, 20 and 30 MHz licenses, in the 1.9 GHz PCS frequency range, covering a population of 3.9 million people. Three of the licenses will be used to expand Verizon Wireless' network to meet customers' increasing demand for the company's services in areas it currently serves, including Raleigh-Durham, Fayetteville and Burlington.
The remaining licenses will be used to help expand the company's footprint into new markets, including Wilmington, Greenville, Rocky Mount, Roanoke Rapids, Goldsboro, New Bern and Jacksonville.
Following are the markets included in this transaction:
Spectrum licenses for 30 MHz in:
Fayetteville-Lumberton *
Jacksonville
Wilmington
Spectrum licenses for 20 MHz in:
Goldsboro-Kingston
Greenville-Washington
New Bern
Roanoke Rapids
Rocky Mount-Wilson
Spectrum licenses for 10 MHz in:
Burlington*
Raleigh-Durham *
* Areas where Verizon Wireless currently operates its network.
About Verizon Wireless
Verizon Wireless owns and operates the nation's most reliable wireless network, serving 45.5 million voice and data customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.
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