TMCNet:  Z Wireless acquires 84 stores of Wireless Center

[January 09, 2013]

Z Wireless acquires 84 stores of Wireless Center

Jan 09, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Z Wireless, a retailer of Verizon Wireless voice and data communications services, has acquired 84 stores from The Wireless Center, Inc. (TWC), a marketer and seller of a full suite of Verizon Wireless products and services. Both the companies are based in the US.

As part of transaction, Z Wireless has acquired 84 TWC stores operating in Ohio, Michigan, Pennsylvania, West Virginia and Kentucky in the US.

In addition, Z Wireless has also acquired most of the stores from Select Communications, Inc.

Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2013-01-08 Deal Participants Target (Company) The Wireless Center, Inc. - 84 Stores - US Acquirer (Company) Z Wireless Vendor (Company) The Wireless Center, 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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