Verizon has agreed to sell its Caribbean and Latin American operations for about $3.7 billion to companies controlled by Mexican tycoon Carlos Slim Helu.
This is consistent with Verizon's strategy of focusing on rolling out hi-speed fibre optic newtorks in the US so they can become a leader in telecomms, broadband Internet and TV-on-demand alongside AT&T.
This will also improve their balance sheet a little - though they do need to get on with buying the rest of Verizon Wireless from Vodafone - and that won't come cheap.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment