Subject: [NEXTEL-1] If Verizon Can Pay For Spectrum, Why can't Nexthell?

From: [email-masked]
Date: Wed, 10 Sep 2003 02:19:53 -0400

Verizon Wireless Acquires Radio Spectrum,
Network Assets From Devon Mobile
Communications LLC
Monday September 8, 11:14 am ET

Transactions Provide Capacity to Meet Future Demand in
Pittsburgh, Expand Into New Service Areas in New Hampshire
and Vermont

BEDMINSTER, N.J., Sept. 8 /PRNewswire/ -- Verizon Wireless, the nation's largest
wireless service provider, today announced it has completed the acquisition of a
PCS license serving the Pittsburgh PA BTA [Basic Trading Area] from Devon Mobile
Communications LLC, for $10.5 million in cash.

In a separate transaction, the
company also acquired a PCS
license and certain network assets
serving the Lebanon, NH BTA from
Devon Mobile. The purchase price of
the Lebanon transaction is $635,000
in cash, of which $437,000 was for
the PCS license.

The radio spectrum overlaps or lies
adjacent to current Verizon Wireless
operations. It will increase the
company's capacity to meet the
strong demand from its nearly 35
million customers, and expand its
service footprint into new markets.

The Lebanon, NH BTA license serves markets with a total population [POPS] of 181,600 and will expand the
company's wireless network in Grafton and Sullivan counties in New Hampshire and
the southern portion of Windsor County in Vermont. The company said it expects to
begin offering service to those communities in 2004.

In the Pittsburgh, PA BTA, the license overlaps Verizon Wireless operations in the
city of Pittsburgh, plus Allegheny, Armstrong, Beaver, Butler, Fayette, Greene,
Washington and Westmoreland counties, which have a total estimated population of 2.5 million.

http://biz.yahoo.com/prnews/030908/nym142_1.html

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