Thursday, May 8, 2008

SureWest Sells Wireless Business to Verizon Wireless

SureWest Communications

completed the previously announced sale of the operating assets of its Wireless business to Verizon Wireless for an aggregate cash purchase price of $69.0 million. Verizon Wireless acquired the spectrum licenses and operating assets of SureWest Wireless, excluding SureWest's more than 50-owned communication towers.

  • In December 2007, SureWest agreed to acquire Everest Broadband in a transaction that will more than double SureWest's triple-play residential subscriber base.

  • In 2007, SureWest sold its Directory Publishing business to GateHouse Media for $110 million.