M&A Deal Summary

Verizon Communications Acquires Rural Cellular

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2007-07-30
Target Rural Cellular
Sector Communications
Buyer(s) Verizon Communications
Deal Type Add-on Acquisition
Deal Value 2.7B USD
Advisor(s) Bear Stearns & Co. Inc.
Falkenberg Capital Corp. (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

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.

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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 5 of 35
Sector (Communications) 4 of 14
Type (Add-on Acquisition) 3 of 29
State (Minnesota) 1 of 1
Country (United States) 5 of 33
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
Mergr

Product

Company

Legal