This story has been updated with Verizon’s reponse to our request for comment.
Verizon is on the verge of unloading its towers, as well as some of its wireline business in a deal that could total $10 billion.
According to a report from the Wall Street Journal, the deal involves more than one buyer and could be announced as early as this week.
Verizon declined to comment on the report.
The deal would allow Verizon to pay down debt and cover some of the $10.4 billion it spent in the AWS-3 auction.
That Verizon would consider selling off its towers shouldn’t come as a suprise. CFO Fran Shammo, and CEO Lowell McAdam have both praised AT&T’s deal $4.83 billion sale of its towers to Crown Castle, saying they would definitely pursue a similar deal under the right conditions.
This isn’t the first time reports of Verizon selling off its towers have surfaced. Back in August, Bloomberg reported that Verizon was looking to raise as much as $6 billion for the spectrum auctions.
