Verizon Wireless Completes Purchase Of Select Missouri Assets From U.S. Cellular

(RTTNews) - Verizon Wireless, a joint venture of Verizon Communications Inc. (VZ) and Vodafone PLC (VOD, VOD.L), said Friday that it has completed its purchase of wireless assets in rural Missouri from United States Cellular Corp.. (USM).

Financial terms of the deal were not disclosed.

The purchase includes U.S. Cellular's Missouri-13 25MHz Cellular A Block license, as well as customers and related CDMA operations in the market area. The license and operating assets being acquired cover a population of 110,000 and about 1,700 square miles, including Interstate Highway 55 and state highways US 8, US 21 and US 67. Major population centers include Ste. Genevieve, Potosi, Desloge, and Farmington, Missouri.

Verizon Wireless will serve acquired U.S. Cellular customers using the existing U.S. Cellular brand name until the network integration and upgrade to 4G LTE is complete, expected to be in mid-2014.