Verizon Wireless To Buy Rural Cell Company
AUGUSTA, Maine -- The Maine public advocate's office is raising concerns about Verizon Wireless' proposed purchase of Rural Cellular Corp.
Verizon Wireless announced Monday that it will pay $757 million in cash in a move to expand its wireless service coverage in rural markets. Rural Cellular's UNICEL network serves more than 700,000 customers in 15 states including Maine, New Hampshire and Vermont.
Wayne Jortner is general counsel of the Maine public advocate's office. He said UNICEL has done a good job expanding service in rural areas with help from federal grants, and he questioned whether Verizon's ownership will mean any additional improvements.
He added that he is concerned because the deal would mean fewer wireless carriers and less competition in a state that currently has only five major wireless competitors.
This was found at WMTW Portland.
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