M&A Deal Summary

Verizon Communications Acquires Bluegrass Cellular

On October 19, 2020, Verizon Communications acquired communications company Bluegrass Cellular

Acquisition Highlights
  • This is Verizon Communications’ 13th transaction in the Communications sector.
  • This is Verizon Communications’ 32nd transaction in the United States.
  • This is Verizon Communications’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2020-10-19
Target Bluegrass Cellular
Sector Communications
Buyer(s) Verizon Communications
Deal Type Add-on Acquisition

Target

Bluegrass Cellular

Elizabethtown, Kentucky, United States
Bluegrass Cellular provides wireless service to 210,000 customers in 34 counties in rural service areas 3, 4 and 5 in central Kentucky.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Verizon Communications

New York, New York, United States
Category Company
Founded 1983
Sector Communications
Employees104,400
Revenue 134.0B USD (2023)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon Communications is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon Communications was founded in 1983 and is based in New York City.

DEAL STATS #
Overall 33 of 35
Sector (Communications) 13 of 14
Type (Add-on Acquisition) 27 of 29
State (Kentucky) 1 of 1
Country (United States) 32 of 33
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 TracFone Wireless

Miami, Florida, United States

TracFone Wireless is a prepaid, no-contract wireless service provider with more than 20 million subscribers through a network of over 90,000 retail locations nationwide. TracFone Wireless was formed in 1996 and is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Yahoo!

Sunnyvale, California, United States

Yahoo! is a provider of internet search tools, content, and communication services. The Company was formed in 1994 and is based in Sunnyvale, California.

Sell $5.0B
Mergr

Product

Company

Legal