at Investor's Business Daily (Fri, 6:41PM)
Verizon Wireless (VZ, VOD) has purchased Frontier (FTR) and Rio Virgin Telephone's ownership stakes in Mohave Wireless, a rural 3G carrier operating in Arizona. Verizon, whose 4G LTE network covers nearly 89% of the U.S. population, says it will upgrade Mohave's network to 4G, now that it fully owns the carrier. Terms of the deal haven't been disclosed.
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