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Thursday, September 11, 2014

Verizon CEO says open to potential deals to sell towers, (NYSE: VZ)

Verizon Communications Inc Chief Executive Lowell McAdam said on Thursday that the telecoms company would be open to selling some of its towers if the price was right."Those deals are coming to us a little more now, and if an opportunity presented itself to increase shareholder value" Verizon would be interested in pursuing it, McAdam said at a Goldman Sachs media conference.The company had received preliminary offers at inadequate valuations two years ago, McAdam said.Verizon said net postpaid subscriber additions in its wireless business grew more than 40 percent in the current quarter ending September due to strong adoption of 4G smartphones and tablets.

Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 0.06% or $0.0299/share to $48.78. In the past year, the shares have traded as low as $45.45 and as high as $53.66. On average, 12884900 shares of VZ exchange hands on a given day and today's volume is recorded at 3449067.