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Verizon Wireless to buy a portion of Centennial Comunications from AT&T

Updated Dec 19th, 2018 6:19PM EST

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A funny thing happened on the way to acquisition. The two largest carriers in the US, Verizon Wireless and AT&T, have commanded and conquered some smaller carriers and are now seemingly sharing the spoils. As already reported, AT&T announced on Friday that it will purchase a substantial portion of Verizon’s divested Alltel assets. On the same day, AT&T also announced that it will be selling certain portions of Centennial communications to Verizon Wireless as AT&T seeks final regulatory approval for the its acquisition of the small, rural carrier. Verizon will pony up $240 million for Centennial assets that include nearly 120,000 current subscribers in five service areas across Louisiana and Mississippi. In the end, we have AT&T buying assets from Verizon and Verizon buying assets from AT&T while T-Mobile and Sprint are nowhere to be found.