Cablevision Closes Sale of PCS Slots - Multichannel

Cablevision Closes Sale of PCS Slots

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Verizon Wireless Friday closed its $750 million acquisition of 50
personal-communications-service licenses and related assets from Northcoast
Communications LLC.

Proceeds, after payments to the Federal Communications Commission, will be
distributed to Northcoast's partners: Northcoast PCS and a Cablevision Systems
Corp. subsidiary. Cablevision's portion will pay off company
debt.

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