A contract crew from Verizon installs 5G equipment on a tower in Orem, Utah, December 3, 2019. Photo: Reuters A contract crew from Verizon installs 5G equipment on a tower in Orem, Utah, December 3, 2019. Photo: Reuters
A contract crew from Verizon installs 5G equipment on a tower in Orem, Utah, December 3, 2019. Photo: Reuters
Internet

Verizon to sell its media business, including iconic brands Yahoo and AOL, to focus on developing 5G

  • The deal comes at a time when the big internet platforms have sewn up huge portions of the digital advertising market, drawing regulatory scrutiny over their practices
  • Having written US$4.6 billion off the value of the businesses in 2018, Verizon will get just US$4.25 billion in cash from private equity firm Apollo Global

Topic |   Internet
A contract crew from Verizon installs 5G equipment on a tower in Orem, Utah, December 3, 2019. Photo: Reuters A contract crew from Verizon installs 5G equipment on a tower in Orem, Utah, December 3, 2019. Photo: Reuters
A contract crew from Verizon installs 5G equipment on a tower in Orem, Utah, December 3, 2019. Photo: Reuters
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