Add-on Acquisition • Communications

Verizon Communications Acquires Rural Cellular

On July 30, 2007, Verizon Communications acquired communications company Rural Cellular for 2.7B USD

Acquisition Context
  • This is Verizon Communications’ 4th transaction in the Communications sector.
  • This is Verizon Communications’ 8th largest (disclosed) transaction.
  • This is Verizon Communications’ 5th transaction in the United States.
  • This is Verizon Communications’ 1st transaction in Minnesota.

Explore All 1707 Add-on Acquisition Communications Deals - Search the Database Free


M&A Deal Summary

Date July 30, 2007
Target Rural Cellular
Sector Communications
Buyer(s) Verizon Communications
Deal Type Add-on Acquisition
Deal Value 2.7B USD
Advisor(s) Bear Stearns
Falkenberg Capital (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target Company

Rural Cellular

Alexandria, Minnesota, United States
Rural Cellular Corporation provides wireless communication services under the Unicel brand to Central, Midwest, Northeast, South and Northwest territories located in 15 states.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

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

Search Free

Buyer Overview 1

Buyer

Verizon Communications

New York, New York, United States

Category Company
Founded 1983
Sector Communications
Employees99,600
Revenue 134.8B USD (2024)
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, New York.


Deal Context for Buyer #
Overall 5 of 36
Sector: Communications 4 of 15
Type: Add-on Acquisition 3 of 29
State: Minnesota 1 of 1
Country: United States 5 of 34
Year: 2007 2 of 2
Size (of disclosed) 8 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-09 Cybertrust

Herndon, Virginia, United States

Cybertrust provides large enterprises and governments around the world with a suite of security products and services to address their vulnerability detection and prevention, identity management, risk management, and compliance needs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-04 Alltel

Little Rock, Arkansas, United States

Alltel Corp. is an owner and operator of a wireless network and has approximately 12 million wireless customers, both individuals and businesses. Alltel owns a majority interest in wireless operations in more than 100 metropolitan service areas and a majority interest in more than 200 rural service areas.

Buy $28.1B