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Thursday, September 11, 2014

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

Verizon Communications Inc Chief Executive Lowell McAdam said on Thursday that the telecoms company would 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, adding that the company had received preliminary offers at inadequate valuations two years ago.

Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ fell by 0.55% or $-0.27/share to $48.48. 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 1933548.