Verizon Communications
ORG
Verizon Verizon Communications Verizon Wireless
Seeking to concentrate more on the domestic United States market, Verizon Communications agreed to sell three Caribbean and Latin American businesses to two related Mexican phone companies for a total of $3.7 billion. Verizon sold its interests in phone companies in the Dominican Republic, Puerto Rico, and Venezuela. Verizon could use the money it raises through this and other sales to help it buy the 45 percent of Verizon Wireless it does not own from the Vodafone Group in London, a deal that could cost up to $40 billion.