Verizon Sheds Latin American Assets
Apr 3, 2006, 8:04 AM by (staff)
In a move to focus its operations on the U.S. market, Verizon today announced a set of deals to sell its Caribbean and Latin American telecom operations for about $3.7 billion. Verizon will sell its interests in providers in the Dominican Republic, Puerto Rico and Venezuela. Verizon will sell Verizon Dominicana and its a 52% interest in Telecomunicaciones de Puerto Rico Inc. to America Movil SA. An entity jointly owned by America Movil and Telefonos de Mexico SA has agreed to purchase Verizon's 28.5% interest in Nacional Telefonos de Venezuela, or CANTV.
|MoviStar to own Verizon's Network in PR?||LamaZ||
|Calling to-from Puerto Rico||Zihua||
This forum is closed.