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Wireless

Consumer Cellular sells to Chicago private equity firm

Wednesday 28 October 2020 | 12:43 CET | News
Update: 28 October 2020 | 13:50 CET
Consumer Cellular has confirmed it has been acquired by GTCR, a private equity firm from Chicago, though it did not give any financial figures. According to LightReading, the company was bought for USD 2.3 billion. Consumer Cellular is one of the country's biggest MVNOs, with almost 4 million customers. The company was founded in Portland, Oregon, in 1995 and now has about 2,000 employees. These will receive part of the transaction's proceeds. 

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[28/10/2020 13:50- Update: added statement from company]


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Categories: Mobile & Wireless
Companies: Altice USA / Boost Mobile / Comcast / Consumer Cellular / Dish Network
Countries: United States
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