Centennial Cellular expands and consolidates clusters.NEW CANAAN, Conn.--(BUSINESS WIRE)--June 27, 1995--Centennial Cellular Corp. reported today that it closed two transactions which expand and further consolidate two of its existing clusters. In an exchange of assets Exchange of assets Acquisition of another company by purchase of its assets in exchange for cash or stock. transaction with United States Cellular Corp., Centennial acquired from U.S. Cellular a 100% ownership interest in the non-wireline cellular systems serving Indiana RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. 1, Indiana RSA 2, Mississippi RSA 9, and Ohio RSA 1. The markets being acquired by Centennial add to and complement Centennial's existing operations in its Michiana cluster and East Texas/Louisiana/Mississippi cluster. In the exchange, U.S. Cellular acquired from Centennial a 100% interest in the non-wireline cellular systems serving the Roanoke and Lynchburg, Virginia MSAs and North Carolina RSA 3 and Iowa RSA 5. Centennial also sold to U.S. Cellular its approximately 72% controlling ownership interest in the non-wireline cellular system serving the Charlottesville, Virginia MSA (Metropolitan Service Area) An urban area with at least 50,000 people plus surrounding counties. There are 306 MSAs and 428 RSAs (rural service areas) in the U.S. MSAs and RSAs are used to allocate cellular licenses. . Centennial Cellular Corp. acquires, operates, and invests in cellular telephone systems throughout the United States. The company's current wireless telephone interests represent a population of approximately 9.67 million. Approximately 4.97 million of this population is represented by interests in systems the company owns (either 100% or a controlling interest) and manages, serving twenty-eight markets in three geographic areas. The company was recently the winning bidder for one of two MTA (1) (Message Transfer Agent or Mail Transfer Agent) The store and forward part of a messaging system. See messaging system. (2) See M Technology Association. 1. (messaging) MTA - Message Transfer Agent. licenses to provide "PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. " service in the Commonwealth of Puerto Rico and the U.S. Virgin Islands, representing approximately 3.6 million pops. Approximately 1.1 million of the population represents minority investments in limited partnerships which own cellular telephone systems primarily serving the Sacramento Valley and the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay in California. The company also owns and operates paging, specialized mobile radio See SMR. , and conventional mobile telephone businesses in two markets in which it has cellular telephone systems. CONTACT: Scott Schneider, 203/972-2000 or W.M. Kraus, 608/258-1511 |
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