Verizon Sells Carribbean, Latin American Assets for $3.7B
A Reuters newswire article, via CNN/Money, reports that:
Verizon Communications Corp. said Monday it had reached agreements to sell its Caribbean and Latin American telecom operation in three separate transactions for about $3.7 billion.More here.
Verizon will sell its interests in providers in the Dominican Republic, Puerto Rico and Venezuela to America Movil and Telefonos de Mexico.
The three properties served more than 15 million customers for wireless, traditional telephone and Internet services and have about 17,000 employees.
posted by Fergie @ 4/03/2006 06:11:00 AM
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