Verizon Communications has hired TAP Advisors LLC to look into a sale of network assets including its cell towers, according to a Reuters report.
Verizon Communications was opened up to the possibility of selling its wireless towers because of AT&T's agreement last year to sell and lease 9,700 of its cell towers to Crown Castle in a $4.85 billion deal, according to Verizon Communications CFO Fran Shammo. Financial analysts think that Verizon has around 12,500 to 15,000 towers and could be looking to sell a substantial portion of those.
Verizon Communications is handling about 300,000 conversions from copper to fiber per year but it still has about 1 million homes left to convert to fiber before it wraps up its entire conversion plan that it has been working on for three years, said a top company executive today.
Verizon's FiOS results bounced back in the second quarter, with revenues rising 14.4 percent year-over-year to $3.1 billion due to an uptick in both broadband and video subscriptions.
The trend toward Software-Defined Networking (SDN) and Network Function Virtualization (NFV) is one of the major networking transformations sweeping operators around the globe, but one Verizon executive warned that the carrier needs to think through how SDN and NFV will impact its actual operations.
Verizon Wireless is not talking to Dish Network about any kind of deal, according to Verizon Communications CEO Lowell McAdam.
Verizon Wireless reported weaker subscriber growth for the first quarter on a year-over-year basis and its postpaid customer additions in the period were driven by the addition of tablet customers.
Check out the 10 highest-paid CEOs in wireless for 2013. The data comes from filings made with the Securities and Exchange Commission.
Verizon Wireless could potentially tap new business models thanks to LTE Multicast technology, though it will take a few years for customers to take advantage of it on a widespread basis, according to a top Verizon executive.
Verizon Communications' new product development group will focus on combining the company's wireless and wireline assets in areas including video and security, according to Verizon Communications CEO Lowell McAdam.