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📅 - Verizon Sells 6,339 Towers to Vertical Bridge in $3.3B Deal to Boost 5G Expansion - Verizon Communications and Vertical Bridgehave reached a definitive agreement in a landmark deal valued at approximately $3.3 billion. The transaction grants Vertical Bridge the exclusive rights to lease, operate, and manage 6,339 wireless communication towers owned by Verizon subsidiaries, spanning all 50 U.S. states and Washington, D.C. The deal is structured as a prepaid lease, providing Verizon with upfront cash proceeds of around $2.8 billion.
Under the terms of the agreement, Verizon will lease back space on the towers as an anchor tenant through a 10-year agreement with the possibility of extending the lease for up to 50 years. This arrangement also includes provisions for Verizon [...]
📅 - Verizon Acquires Frontier in $20B Deal, Expanding Fiber Network - Verizon has announced a formal agreement to acquire Frontier Communications in an all-cash deal valued at $20 billion. The acquisition significantly expands Verizon's fiber network, boosting its reach to 25 million premises across 31 states and Washington, D.C. Frontiers existing customer base of 2.2 million fiber users will be integrated into Verizons network, strengthening Verizon's position in the U.S. broadband market.
The deal is expected to accelerate Verizons ability to provide enhanced connectivity, broadband, and mobility services to both existing and new customers.
Frontier, one of the largest pure-play fiber Internet providers in the U.S., has made significant investments in [...]
📅 - Verizon Achieves Breakthrough in 5G Network Slicing Capabilities - Global telecommunications company Verizon has achieved a significant milestone in its network capabilities with successful field testing of dynamic, end-to-end provisioning of network ...
📅 - Verizon's NaaS Cloud Management simplifies multi-cloud management, integrating public, private, and hybrid clouds via a single platform.
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