Verizon unloads more than 11,000 towers to American Tower for $5 billion cash 
Big Red is cleaning up its balance sheet, an inescapable reality after it shelled out $130 billion to fully acquire the part of Verizon Wireless it did not own from Vodafone in a deal that closed a year ago this month.
While it gives Verizon all of the revenue from the wireless unit, the assets came at a cost, most of which presented itself as a significant amount of new debt.
Verizon has been dutifully paying that debt down as the carrier has remained healthily profitable, but is eager to take a few big bites out of it before the 600MHz spectrum auction next year. To that end, Verizon ...Read More>>>>>
Big Red is cleaning up its balance sheet, an inescapable reality after it shelled out $130 billion to fully acquire the part of Verizon Wireless it did not own from Vodafone in a deal that closed a year ago this month.While it gives Verizon all of the revenue from the wireless unit, the assets came at a cost, most of which presented itself as a significant amount of new debt.
Verizon has been dutifully paying that debt down as the carrier has remained healthily profitable, but is eager to take a few big bites out of it before the 600MHz spectrum auction next year. To that end, Verizon ...Read More>>>>>
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