Verizon-AT & T deal finalized on Centennial assets

Wed, 08/25/2010 - 8:05am
The Associated Press

JACKSON, Miss. (AP) – Verizon Wireless has completed its purchase from AT&T of certain operating assets of Centennial Communications in Mississippi and Louisiana.

The announcement was made Monday. It was a $235 million transaction.

The transaction was agreed to last year by Verizon Wireless, which is a joint venture between Verizon Communications and Vodafone Group of Britain, and AT&T. It satisfies certain divestiture requirements by regulatory agencies needed for AT&T to complete its acquisition of Centennial Communications.

Verizon bought Centennial's spectrum licenses, network assets and more than 117,000 current customers in six service areas in southwest Mississippi and in Louisiana.

Verizon officials say they will continue to use the Centennial brand for the next several months as it works to convert Centennial's existing wireless network to CDMA technology.


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