Verizon is reportedly close to selling over $10 billion in assets

A woman uses her mobile phone in central London September 2, 2013. REUTERS/Stefan Wermuth
A woman uses her mobile phone in central London Thomson Reuters

Verizon Communications Inc. is nearing deals to sell more than $US10 billion in assets, the Wall Street Journal reported, citing people familiar with the matter.

The planned sales include mobile phone towers and parts of its landline phone business, the WSJ reported.

Different buyers are involved in the deals, which could be announced late this week, the WSJ added.

A Verizon spokesman declined to comment.

(Reporting by Anya George Tharakan in Bengaluru and Liana B. Baker in New York; Editing by Saumyadeb Chakrabarty)

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