US Largest Telecom Verizon Acquires Bluegrass

Following the Acquisition of Track Phone, a Budget Mobile Company,
Bluegrass in the Kentucky Region Also Acquired

[Asia Economy Reporter Koo Chae-eun] Verizon, the largest telecommunications company in the United States, announced on the 19th (local time) that it will acquire Bluegrass Cellular, a wireless communication operator in the Kentucky region.

According to the US IT media outlet CNET, Verizon has decided to acquire Bluegrass, which provides wireless services to about 210,000 people in three rural areas of Kentucky, USA.

The acquisition of Bluegrass is aimed at expanding the network in rural areas of the United States, and this decision was made just one month after Verizon acquired Tracfone, the largest MVNO company in the US, for $6.25 billion (approximately 7 trillion KRW).

Ronan Dunn, Vice President of Verizon, said, "We are pleased to expand our presence in the Kentucky region through the acquisition of Bluegrass," adding, "We will provide reliable wireless services."

Bluegrass had signed a mutual roaming agreement with Verizon in 2010.

Meanwhile, Verizon is attracting market attention by offering the millimeter-wave service 'Verizon 5G Ultra Wideband' through the Apple iPhone 12. According to Verizon, the maximum download speed of the iPhone 12 is expected to be 4.0 Gbps, and the maximum upload speed is expected to be 200 Mbps.