6th Feb 2015 07:00
Verizon Communications Inc.
Notice of Form 8-K furnished with the U.S. Securities and Exchange Commission (SEC)
On February 5, 2015, Verizon Communications Inc. (Verizon) furnished a Report on Form 8-K with the SEC disclosing the following transactions entered into by Verizon on February 5, 2015:
- Verizon and Frontier Communications Corporation (Frontier) entered into a Securities Purchase Agreement, pursuant to which Frontier will acquire Verizon's local exchange and related business assets in California, Florida and Texas for approximately $10.54 billion, subject to certain adjustments.
- Verizon and American Tower Corporation (American Tower) entered into a Master Agreement, pursuant to which American Tower will have the exclusive right to lease, acquire or otherwise operate and manage a significant majority of Verizon-owned wireless towers.
- Verizon entered in an accelerated stock repurchase agreement to repurchase $5.0 billion of its common stock.
The report may be viewed on the SEC website at www.sec.gov and on the Verizon website at www.verizon.com/about/investors/.
A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.Hemscott.com/nsm.do.
Related Shares:
VZC.L