Announced
Completed
Financials
Sources
Tags
Majority
Private Equity
United States
wireless services
Private
Domestic
Acquisition
Friendly
Mobile
Single Bidder
Mbo
Completed
Synopsis
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.
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