Consolidated Communications in its $490 million sale of interests in five wireless partnerships managed by Verizon Wireless, to Verizon Wireless

On August 1, 2022, Consolidated Communications Holdings, Inc. announced that its subsidiary entered into an agreement to sell its limited partnership interests in five wireless partnerships managed by Cellco Partnership, d/b/a Verizon Wireless, to Cellco for an aggregate purchase price of $490 million. The sales are expected to close by the end of 2022, subject to certain closing conditions and third-party purchase rights available to other partners in the partnerships.

Wachtell, Lipton, Rosen & Katz served as legal advisor to Consolidated Communications.