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Tuesday, January 7, 2014

BRIEF-Verizon looks forward to spectrum divestitures if U.S. market slims to 3, (NYSE: VZ)

Verizon Communications Inc : * CEO says could sell some wireline assets "if something makes sense" but not going to rush into ny deals * CEO says will participate in any spectrum auction that comes along, cites awsspectrum * CEO says regulators seem to now be seeing some of the things they wanted tosee from having four national U.S. wireless competitors * CEO says if U.S. market slims to 3 players from 4 he would "look forward toall the spectrum that'll be divested" as a result

Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 0.38% or $0.185/share to $48.88. In the past year, the shares have traded as low as $41.50 and as high as $54.31. On average, 12043800 shares of VZ exchange hands on a given day and today's volume is recorded at 5708564.