Verizon mentioned Monday it’s buying “certain assets” of Bluegrass Cellular, a wireless service supplier in rural Kentucky. According to a information launch, Bluegrass Cellular was the primary wireless supplier in central Kentucky, launching in 1991. It serves 210,000 clients in 34 Kentucky counties.
Terms of the deal weren’t disclosed, and it’s nonetheless topic to FCC approval, however is anticipated to shut later this yr or early in 2021, in accordance with Verizon. The firms have had a working relationship for a number of years; in 2012 Bluegrass launched LTE service in Kentucky as a part of Verizon’s LTE in Rural America program. As a part of that program, Verizon leased a few of its spectrum in rural areas.
And in July, Verizon introduced it was launching new house web on its 4G LTE wireless community in some rural communities not served by its Fios or 5G Home choices. The communities included Savannah, Georgia; Springfield, Missouri; and the Tri-Cities area of Tennessee, Virginia, and Kentucky.
Bluegrass is Verizon’s second acquisition in as many months; in September the company introduced it was shopping for Tracfone in a deal price greater than $6 billion. Tracfone is the most important reseller of wireless providers within the US, with 21 million subscribers; earlier than the deal, greater than 13 million Tracfone clients had been already counting on Verizon’s wireless community since Tracfone doesn’t have its personal bodily community within the US.
The deal provides to Verizon’s lead over rivals T-Mobile and AT&T as the most important service within the US; on the finish of 2019 the company had $131.9 billion in income.
Bluegrass clients don’t have to take any motion; they’ll obtain details about providers from Verizon, in accordance with the information launch.