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?
I'm really glad I'm not a Verizon customer now. I travel frequently between PR and the US and my Sprint PCS worked so so in PR, but my Cingular phone works like a charm.
They are NOT the same people.
Source: http://www.investor.reuters.com/GoTo.aspx?nss =www&ticker=AMX.N&.t=/business/buscompany/bus compfake/buscompdescr
Calling to-from Puerto Rico
I also travel to Puerto Rico on a regular basis. Now with my Americas Choice plan I do not incur long distance or roaming charges while in Puerto Rico. Will that still be the case after the sale is completed?