ISSAQUAH, Wash.-Western Wireless Corp. executed definitive agreements to acquire the cellular properties and certain assets of Triad Cellular Corp. of Menlo Park, Calif.
Western Wireless will acquire 12 rural service areas located in Texas, Oklahoma, Utah and Minnesota. The markets cover about 1 million potential subscribers.
Western Wireless will pay Triad $184.8 million in cash and 1.6 million shares of Western Wireless class A common stock.
“These cellular properties are contiguous to existing Western Wireless cellular markets and allow us to expand coverage areas to our wireless subscribers,” said John Stanton, chairman and chief executive officer of Western Wireless. “These markets complement our strategy of using cellular technology for rural areas and [personal communications services] technology for urban areas.”
