GTCR completed the acquisition of a majority stake in Consumer Cellular for $2.1bn.

GTCR, a private equity firm, completed the acquisition of a majority stake in Consumer Cellular, a provider of postpaid wireless services with a focus on the 50+ demographic, for $2.1bn. "Through their exceptional service and strong customer value proposition, Consumer Cellular delivers a differentiated customer experience at a lower cost to a growing demographic. We are thrilled to be partnering with Consumer Cellular at this exciting time in the company's evolution," Stephen Jeschke, GTCR Managing Director.