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Z Wireless acquires stores of Select Communications
Jan 09, 2013 (Datamonitor Financial Deals Tracker via COMTEX) --
Z Wireless, a retailer of Verizon Wireless voice and data communications services, has acquired most of the stores from Select Communications, Inc., a marketer and seller of a full suite of Verizon Wireless products and services. Both the companies are based in the US.
Select operates 47 stores throughout Alabama, Iowa, Minnesota, Mississippi, North Dakota, and Wisconsin in the US.
In addition, Z Wireless has also acquired 84 stores of The Wireless Center, Inc.
Deal Type Acquisition
Sub-Category Asset Purchase
Deal Status Completed: 2013-01-08
Deal Participants
Target (Company) Select Communications, Inc. - Stores - US
Acquirer (Company) Z Wireless
Vendor (Company) Select Communications, Inc.
Deal Rationale
The acquisitions will allow Z Wireless to further expand in new markets and to build its presence in rural and suburban markets in the US.
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