Home  ›  News  ›

Private Equity Firms Looking to Scoop Up Verizon Assets

Article Comments  

Apr 8, 2009, 7:58 AM   by Eric M. Zeman   @phonescooper

Verizon Communications is in the process of divesting a number of wireless assets as part of its deal to acquire Alltel. According to Reuters' sources, private equity firms and wireless firms alike have bid on the assets. Blackstone Group made its own bid, and Carlyle Group and Kohlberg Kravis Roberts & Co. made a joint bid. AT&T has 'expressed interest' and U.S. Cellular also made a bid for Verizon's assets. The auction will take place over several months and include multiple rounds. Over 30 companies are participating.

more info at Reuter »



This forum is closed.

This forum is closed.

No messages

Page  1  of 1

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram


All content Copyright 2001-2018 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.