Thursday, January 8, 2015

Verizon Could Pay for AOL with Tower Sale

Bloomberg reported a few days ago that Verizon had more than a passing interest in acquiring AOL, which they could certainly pay for by selling their towers. Verizon CEO Lowell McAdam said the company isn’t in significant acquisition discussions, but that AOL, along with other media companies, is a potential business to partner with. In September, discussions abounded about a possible sale of Verizon’s 12,000 tower assets, which could net as much as $6 billion. Continue reading here.

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