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Verizon Sheds Latin American Assets

Article Comments  5  

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.

more info at Wall Street Journal »



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Subject Author Date
MoviStar to own Verizon's Network in PR? LamaZ Apr 4, 2006, 12:23 PM
Calling to-from Puerto Rico Zihua Apr 3, 2006, 1:54 PM
america movil s0lrac Apr 3, 2006, 9:09 AM
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