Media Reporting that Verizon May Sell Assets

The Wall Street Journal and other media outlets are reporting that Verizon Communications will announce a sale of some wireless towers and some local wireline assets for more than $11 billion.

CWA President Larry Cohen issued this statement:

"We expect some assets to be sold and this will require full regulatory review. CWA will be very active at the Federal Communications Commission and in the regulatory process at state levels. Our first priority will be jobs, and second, ensuring that the standard of living of our members and the service quality provided to our communities are preserved and strengthened."