Verizon Said to Hire TAP Advisors for Tower Sale by Year End [telecom]

By Scott Moritz and Alex Sherman

Verizon Communications Inc. is pushing for a sale of its wireless network towers by year-end, according to people familiar with the situation, in a deal that may raise about $6 billion for spectrum purchases.

Verizon, the biggest U.S. mobile-phone company, has hired TAP Advisors LLC, a New York boutique investment bank, to work on a tower sale and leasing agreement, two of the people said. The package would involve about 12,000 towers and could be announced within 30 to 60 days, according to one of the people, who asked not to be identified because the discussions were private.

formatting link


formatting link

Reply to
Bill Horne
Loading thread data ... Forums website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.