Rural Market Worth $2.67B To Verizon Wireless

Rural residents may finally get the respect and attention they deserve from the communication giants. AT&T recently purchased Dobson Communications for $2.8 million and created some waves among rivals as they too race to develop this previously ignored market.

Verizon responded by striking a deal to purchase Rural Cellular for an approximate value of $2.67 billion. The deal gives Verizon a slew of benefits including first dibs at 15 rural markets, more than 700,000 new customers, 4.7 million licensed points of presence and a joint venture with Vodafone.

Residents in these areas will finally get a broader range of voice and data services.
Via []

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