Tuesday, November 28, 2006

Verizon Sell Interest in Verizon Dominicana to America Movil

Verizon Communications closed on the sale of its interest in Verizon Dominicana, which provides telecommunications services to more than 2.7 million wireless, wireline and broadband customers in the Dominican Republic, to America Movil, S.A. de C.V.

The transaction was announced in April 2006, when Verizon also announced the execution of definitive agreements to sell its interests in Telecomunicaciones de Puerto Rico, Inc. (Puerto Rico Telephone) and Compania Anonima Nacional Telefonos de Venezuela (CANTV), to America Movil and a company owned jointly by Telefonos de Mexico and America Movil. Verizon sail these sales are proceeding.