EPHRATA, Pa.—VoiceStream Wireless Corp. closed its previously announced acquisition of D&E Communications Inc.’s 50-percent interest in the two companies’ PCS One joint venture.
D&E received approximately $75 million in cash considerations for its interests and plans to use approximately $34 million from the sale to pay taxes and apply the remaining $41 million to pay down debt and to finance its pending acquisition of Conestoga Enterprises Inc.
