Verizon Wireless acquired Rural Cellular, a regional network operator covering parts of New England, the Mid West, the South and the Pacific Northwest, for $2.67 billion. Rural Cellular operates both CDMA and GSM networks to cover its 716,000 subscribers in those regions. Verizon has said that it will switch Rural’s GSM customers to CDMA technology, though it will keep the GSM networks up and running to help provide roaming coverage to other GSM carriers. Verizon also reported its second quarter earnings. It increased its ranks by 1.3 million net adds, boosting its total to 62.1 million. Of note, its data revenues (non-voice) surged 70.3%.

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