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BASKING RIDGE, NJ — Verizon Wireless announced today it has purchased the operating assets of Ramcell in Kentucky and Oregon, which will increase Verizon Wireless' presence in southeast Kentucky and expand the company's network footprint in western Oregon. Financial terms were not disclosed.
The purchase includes Ramcell's spectrum licenses, 51 cell sites and related operations in the two states. The acquired licenses cover a population of 574,000 people: 300,000 in the Clay and Madison, Kentucky markets and 274,000 in the Coos, Oregon market.
Verizon Wireless will convert Ramcell's TDMA network in Kentucky to CDMA technology to become part of Verizon Wireless' advanced nationwide network, adding capacity and EV-DO Rev. A technology for high-speed data capabilities. The company plans to complete the network conversion during the first half of 2008 and will notify customers about their service transition prior to the upgrade.
In Oregon, Verizon Wireless will enhance the existing CDMA network with EV-DO Rev. A technology, which offers broadband data speeds for accessing the Internet and e-mail, and downloading music, games and video. The enhanced service is expected to launch by the middle of next year.
Verizon Wireless has invested more than $40 billion since the company was formed on average $5 billion each year to increase the coverage and capacity of its national network and add new capabilities.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 62.1 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 67,000 employees nationwide. The company 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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