Newswires
Verizon Communications Completes the Sale of Its Interest in Puerto Rico Telephone
Verizon Communications Inc. today closed on the sale of its interest in Telecomunicaciones de Puerto Rico, Inc. (TELPRI) to a subsidiary of America Movil, S.A.B. de C.V. . The buyer purchased 100 percent of TELPRI, the holding company of Puerto Rico Telephone Company (PRT), including Verizon's 52 percent interest. The other shareholders were the Puerto Rico Telephone Authority, which owned 28 percent; Popular, Inc., 13 percent; and the company's employee stock ownership plan, 7 percent. The transaction previously received the approval of the Federal Communications Commission.
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