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Verizon Closer to $10B Asset Sale to Pay Down Debt

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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.

Jan 7, 2022
The FCC's Auction 110 has concluded, with up to 33 bidders paying a total of $22.5 billion for 4,041 licenses out of 4,060 offered. All of the top three national wireless carriers participated in the auction.

AT&T, Dish Big Winners in FCC's Latest Mid-Band Auction

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.

FCC To Start Next Mid-Band Auction in July

Mar 1, 2022
FCC Chairwoman Jessica Rosenworcel gave a speech at the MWC trade show in Barcelona today where she announced that the FCC will start Auction 108 for 2.5 GHz mid-band spectrum in July of this year. This is the same band 41 that T-Mobile currently uses.

The FCC's Next Mid-Band Auction Kicks Off in July

Mar 21, 2022
The FCC has announced that Auction 108 for the 2.5 GHz band will begin on July 29th. This particular band is the same as T-Mobile's existing mid-band spectrum, band 41.

T-Mobile, Verizon in Talks to Carve up US Cellular

May 9, 2024
The Wall Street Journal reports that US Cellular is in talks to sell its assets to T-Mobile and Verizon in two separate but related deals. The T-Mobile deal is reportedly further along and could close this month.

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