Verizon announced on September 3, 2017 that it had agreed to acquire Cellular One, a wireless communications company. The acquisition is valued at $3.
9 billion, and is expected to close in the first half of 2018. The acquisition will add more than 12 million customers to Verizon’s network.
The acquisition is seen as a way for Verizon to solidify its position as a major wireless provider in the United States. Cellular One is seen as a smaller player, but with a strong presence in rural areas.
The acquisition is also seen as a way for Verizon to expand its presence in the wireless market.
The acquisition is controversial, with some people arguing that it will lead to higher prices for wireless services. Others argue that the acquisition will create a more competitive landscape, and that consumers will benefit from better service.
The final outcome of the acquisition is still unknown, and will likely depend on a number of factors, including the approval of regulators.
