Verizon to sell assets to Frontier for USD 10 bln - report

Thursday 5 February 2015 | 08:19 CET | News
Verizon Communications is close to selling a package of wireline assets to regional operator Frontier Communications for around USD 10 billion, people familiar with the matter told the Wall Street Journal. The deal, which could be announced this week, would be the largest ever for Frontier. Verizon is also close to a sale of a package of mobile towers for around USD 5 billion, the report said. The proceeds are expected to help the operator pay off debt taken out last year for its acquisition of he rest of Verizon Wireless, as well as the recent spectrum auction. Frontier is already active in

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Categories: Fixed
Companies: Frontier Communications / Verizon Communications / Verizon Wireless
Countries: United States
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