Verizon Wireless Extends Reach With Devon Mobile Acquisition

Verizon expects to pay $635,000, of which $437,000 is for the PCS (personal communications services) license. The deal is expected to close by the end of the third quarter or early in the fourth, company executives said.

The purchases extend Verizon's reach into New Hampshire's Grafton and Sullivan Counties, which have 181,600 points of presence, or POPs, and span 150 miles of highway not currently covered by Verizon's network.

Verizon plans to continue expanding its wireless network in New Hampshire and Vermont next year, said Bob Stott, president of Verizon for the New England region, in a statement.

The carrier has made several acquisitions in the past two years, including 50 PCS licenses and related network assets from Northcoast Communications for $750 million in cash. That deal is expected to close this quarter and would give Verizon additional capacity in Boston; Columbus, Ohio; Hartford, Conn.; Minneapolis; Providence, R.I.; and Rochester and metro New York.

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