VZW Buys Ramcell Assets

BASKING RIDGE, N.J. -- Verizon Wireless announced today it has purchased the operating assets of Ramcell in Kentucky and Oregon, which will increase Verizon Wireless' presence in southeast Kentucky and expand the company's network footprint in western Oregon. Financial terms were not disclosed.

The purchase includes Ramcell's spectrum licenses, 51 cell sites and related operations in the two states. The acquired licenses cover a population of 574,000 people: 300,000 in the Clay and Madison, Kentucky markets and 274,000 in the Coos, Oregon market.

Verizon Wireless will convert Ramcell's TDMA network in Kentucky to CDMA technology to become part of Verizon Wireless' advanced nationwide network, adding capacity and EV-DO Rev. A technology for high-speed data capabilities. The company plans to complete the network conversion during the first half of 2008 and will notify customers about their service transition prior to the upgrade.

Verizon Wireless