Verizon Closer to $10B Asset Sale to Pay Down Debt
Feb 2, 2015, 2:51 PM by Eric M. Zeman
Verizon Communications has lined up several deals that will earn it up to $10 billion, reports the Wall Street Journal. The company took on a massive amount of debt to buy Vodafone's portion of Verizon Wireless last year. It will also soon need to pay the government $10.4 billion for licenses it won in the recent AWS-3 spectrum auction. Verizon, which said last month it might explore asset sales, may sell some of its cell towers and a portion of its wireline business in select markets, according to the Journal's sources. Verizon may announce the deals later this week, but the company did not comment on the Journal's article.
Sep 2, 2020
The FCC today published the winners of the recent Auction 105 for part of the 3.5 GHz band. Verizon shelled out $1.9 billion for 557 licenses covering 157 counties, likely covering major cities.
Jan 14, 2022
The US FCC (Federal Communications Commission) just announced the winners of its auction 110, for prime new mid-band radio spectrum ideal for 5G. AT&T and Dish spent the most, each splurging for enough licenses to cover the entire continental US.
Aug 25, 2020
The FCC today announced the conclusion of auction 105, which sold the rights to 70 MHz of new licensed spectrum near 3.5 GHz for 5G service. 20,625 licenses for specific frequencies and geographic areas were sold for over $4.6 billion in total.
Oct 5, 2021
The FCC today started Auction 110, the third in a series of auctions to sell licenses for valuable C-band (mid-band) radio frequencies that offer a good mix of data speeds and coverage when deployed for 5G networks. All three major US wireless carriers have registered and qualified to bid in the auction.