Verizon’s CFO says company open to divesting cell tower assets

September 17, 2014


WASHINGTON (Reuters) – Verizon Communications Inc is open to divesting its networks assets including its cell towers, the companys chief financial officer told investors at a conference in Los Angeles on Wednesday. Fran Shammo said the company was inspired by rival ATTs $4.85 billion sale of some of its towers to tower operator Crown Castle last year, which preserved ATTs right to lease and operate the towers for about 28 years. The ATT deal was a good deal for them. …