Verizon Wireless has agreed to acquire the operating assets of Californian cellco SureWest Wireless for USD69 million in cash. SureWest Wireless holds spectrum licences covering 3.8 million people in the Sacramento area and had around 50,000 subscribers at the end of September 2007. The firm’s network incorporates more than 50 communications towers. The deal is expected to close in the second quarter of this year and is subject to regulatory approval. The SureWest group also offers triple-play TV, telephony and internet services over fixed line networks and this business is not part of the Verizon purchase.