Cellcom Corp, operating under Chapter 11 bankruptcy protection in Fairfield, New Jersey reports that it has now completed the sale of its subscriber base and related assets to Nationwide Cellular Service Inc, which assumed senior secured debt of about $5.0m, senior subordinated notes of $18.1m including accrued interest, and its pre and post-petition debt due to various cellular carries of about $12m, and also paid over $3.1m in cash.
