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Verizon Makes a $3.3 Billion Deal to Help Protect Its Towering Dividend
However, the deal will delay Verizon's ability to achieve its leverage target. Credit rating agency Fitch expects Verizon's leverage ratio to be around 2.3 times by the time it closes the Frontier acquisition next year. It will then jump back up into the mid-2.0 times range before steadily falling back toward its long-term target.
Verizon Strikes $3.3 Billion Tower Deal With Vertical Bridge
Verizon Communications reached a $3.3 billion deal that gives Vertical Bridge the exclusive rights to lease, operate and manage thousands of wireless communications towers over at least 10 years.
Verizon agrees $3.3bn tower sale with Vertical Bridge
Infrastructure company Vertical Bridge is set to pay US carrier Verizon $3.3 billion for the exclusive rights to lease, operate, and manage more than 6,000 towers across America. The announcement follows speculation over the summer that Verizon was looking to find potential buyers for its tower assets.
Verizon strikes $3.3B tower deal with Vertical Bridge
Ron Bizick, president and CEO of Vertical Bridge, said that the deal was the largest U.S. tower transaction in nearly a decade.
Verizon’s stock heads for a 2-year high after $3.3 billion tower deal
Verizon’s stock was rising toward a two-year high Monday, after the telecommunications company announced deal valued at $3.3 billion to lease out its wireless-communications towers.
Verizon and Vertical Bridge agree to $3.3 billion tower transaction
Under the terms, Verizon will enter into a 10-year agreement 1 to lease back capacity on the towers from Vertical Bridge, serving as the anchor tenant, with options that could extend the lease term up to 50 years.
Verizon Agrees $3.3 Billion Towers Deal With Vertical Bridge
Verizon Communications Inc., the biggest wireless carrier in the US, has agreed to sell the rights to lease thousands of mobile phone towers to digital infrastructure firm Vertical Bridge.
13d
on MSN
Verizon loyalty discounts: Everything you need to know
Verizon's loyalty discounts can help you save money, but they can be confusing. This guides explains the different programs ...
Hosted on MSN
18h
Which MVNOs Use Verizon's Network?
Many MVNOs use Verizon's reliable network to offer similar services at a lower price point. Whether you need the bare minimum ...
11h
AT&T and Verizon offer free services amid Hurricane Milton crisis
Major telecom operators including AT&T and Verizon are offering free unlimited talk, text, and data to those impacted by ...
12d
Get a cheap iPhone 16 and unlimited plan with this easy-to-overlook deal at Visible
For a limited time, new customers can port an iPhone 16 series device over to the carrier with the code ' BRINGYOUROWN ' at ...
Phone Scoop
8d
Tracfone Doubles Data on Plans
AM by Rich Brome updated Thursday, 4:46 PM. Updated: Corrected styling of Tracfone brand (from TracFone to Tracfo ...
CNET on MSN
2d
T-Mobile's Go5G Next Is Giving Discounts on Connected Tablets, Laptops, Watches
For tablets and watches, you will need to buy them directly from T-Mobile to get the savings, and then stay with the carrier ...
Business Wire
17d
Meet the Nation’s Fastest Prepaid Provider – Metro by T-Mobile
Life moves pretty fast, but not as fast as Metro by T-Mobile (NASDAQ: TMUS). Ookla, a global leader in network intelligence ...
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