Bitcoin sets a new all-time high above $6,000 >>> READ MORE

Verizon Buys Rural Carrier Mohave Wireless

Mohave serves a sparsely populated area in Arizona


Verizon WirelessOn Tuesday, Verizon Wireless, the U.S. joint venture between Verizon Communications (NYSE:VZ) and Britain’s Vodafone (NASDAQ:VOD), said that it had purchased Mohave Wireless, a Arizona-based regional wireless carrier.

Verizon acquired Mohave from Frontier Communications (NYSE:FTR) and Rio Virgin. Terms of the acquisition were not disclosed. Mohave’s network covers an area with a total population of just 200,000., SlashGear noted.

Verizon, AT&T Consider Biggest Takeover in History
Verizon, AT&T Consider Biggest Takeover in History

Mohave customers will be migrated to Verizon’s regional wireless network once it is finished early next year.

Earlier this week, rumors surfaced that Verizon will partner with U.S. rival wireless carrier AT&T (NYSE:T) to purchase Vodafone in a deal worth as much as $245 billion. Sources say that under the terms of that deal, Verizon would acquire Vodafone’s share of Verizon Wireless, while AT&T would purchase Vodafone’s international assets.

Shares of Verizon in dipped slightly in Wednesday morning trading.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC