The hottest U.S. largest operator sold off fixed l
2022-10-15- Detail
Verizon, the largest U.S. operator, announced on Thursday that it would sell its fixed line business to frontier communication for $10.54 billion in cash and its mobile base station tower assets to American tower for $5billion
in recent months, ver used Newton (n) to say that izon is selling non core assets, and the transaction with frontier and American tower is part of this strategy. Verizon aims to reduce debt and raise cash for investment
frontier will acquire the local fixed assets business of VE center [lase, EASL] horizon in California, Florida and Texas. This business includes 3.7 million voice connections, 1.2 million FIOs video service connections, and 2.2 million broadband connections
the company said it would rent more than 11000 towers and sell 165 towers to American tower in Boston at a price of US $5.06 billion
meanwhile, Verizon announced on Thursday that it plans to repurchase shares worth $5billion
in terms of users, Verizon is the largest operator in the United States. Last week, Verizon won 181 licenses for $10.4 billion in the U.S. government's wireless spectrum auction. In 2013, Verizon also spent $130billion to acquire 45% of the joint venture from Vodafone
verizon is trying to speed up debt repayment. Executives of the company said that the divestiture of some assets would help Verizon repurchase shares. After announcing the deal with Vodafone, Verizon issued new shares
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the company is currently investing heavily to develop mobile business, while reducing the expenditure on broadband interconnection and services
frontier completed another transaction in 2009. At that time, the company purchased 4.8 million rural lines from Verizon at the price of $8.6 billion in stock and cash
affected by this transaction, after the close of the U.S. stock market on Thursday, the shares of tier, which has high profits, rose by more than 8.5%, while the shares of Verizon and American tower remained basically flat
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