Verizon Wireless Purchases Mid-Missouri Cellular and Sprint Nextel to Tell Teens: ''Focus on Driving''

Wireless Communication industry news provided by Financial News USA (OTC: FNWU) Verizon Wireless (NYSE:VZ) announced recently it has purchased the operating assets of Mid-Missouri Cellular, which will expand Verizon Wireless' network footprint in seven counties in central Missouri. Financial terms are not being disclosed. The purchase includes Mid-Missouri Cellular's spectrum licenses, 27 cell sites and related network equipment. The acquired licenses cover a population of 198,000 people. NII Holdings, Inc. (Nasdaq: NIHD) announced recently that both its 3 1/2% Convertible Notes due 2033 and its 2 7/8% Convertible Notes due 2034 (collectively, the "Notes") issued pursuant to indentures between the Company and Wilmington Trust Company, as Trustee, dated September 16, 2003 and January 30, 2004, respectively (collectively, the "Indentures"), will be convertible pursuant to section 14.01(a)(i) of the Indentures.

Sprint Nextel (NYSE:S) will join with the Virginia State Police, Virginia Department of Motor Vehicles, local educators, and NASCAR NEXTEL Cup Series Cup driver Kyle Busch to announce the Virginia kickoff of Focus on Driving, Sprint Nextel's attentive driving education program. As part of the announcement, Sprint Nextel will present a series of television public service announcements that promote the program and the importance of attentive driving. Diamond I, Inc. (OTC BB:DMOI), a developer of wireless gaming products, recently announced its intention to pursue cellular-gambling opportunities through product offerings that embody its recently acquired patent-pending voice-recognition biometric security technology. Diamond I, Inc. is a development-stage company that develops wireless gaming products.

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