Just another WordPress weblog

If you’re a subscriber of SureWest Wireless in northern California, prepare to meet your new cell provider: Verizon. They’ve agreed to purchase the regional operator’s wireless assets for $69 million. From seeing similar deals and the money involved, it doesn’t appear that SureWest has much of an established network. True to that, they have just 50,000 subscribers, so for a megapower like Verizon, it’s a drop in the bucket subscriber-wise.

Looks like SureWest needed the money to repay a debt stemming from its purchase of Everest Broadband. This happened back in December, for a reported $173 million.

“Over the past two years, we have made great strides in transforming SureWest into a full-service integrated communications company focused on offering advanced telephone, Internet and television services over a superior IP-based fiber-to-the-home broadband network that provides the most outstanding customer experience possible,” Steve Oldham, president and CEO of SureWest, said in a statement.

And now your hard work will go to benefit Verizon. The deal is supposed to close sometime in the second quarter. No word on whether SureWest will retain its branding, or if it will be assimilated under Verizon.

[Kansas City Business Journal]

Share on Facebook | Add to De.licio.us | Digg This! | Technorati