UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: January 25, 2013
(Date of earliest event reported)
VERIZON COMMUNICATIONS INC.
(Exact name of registrant as specified in its charter)
Delaware | 1-8606 | 23-2259884 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
140 West Street New York, New York |
10007 | |||
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (212) 395-1000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 | Regulation FD Disclosure. |
Attached as an exhibit and incorporated herein is a press release dated January 25, 2013 issued by Cellco Partnership, doing business as Verizon Wireless.
The information provided pursuant to this Item 7.01 is furnished and shall not be deemed to be filed with the Securities and Exchange Commission or incorporated by reference in any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit |
Description | |
99 | Press release issued by Verizon Wireless on January 25, 2013. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Verizon Communications Inc. | ||||||||
(Registrant) | ||||||||
Date: | January 25, 2013 | /s/ William L. Horton Jr. | ||||||
William L. Horton Jr. | ||||||||
Senior Vice President, Deputy General Counsel and Corporate Secretary
|
EXHIBIT INDEX
Exhibit |
Description | |
99 | Press release issued by Verizon Wireless on January 25, 2013. |
Exhibit 99
Verizon Wireless
News Center Announcement
VERIZON WIRELESS ANNOUNCES SPECTRUM LICENSE TRANSACTIONS
By Robin B. Nicol
Verizon Wireless announced today it has signed agreements to complete a number of spectrum license transactions, including license sale, purchase and lease agreements. The transactions are subject to approval by the Federal Communications Commission (FCC) and the Department of Justice (DOJ) and are expected to close promptly upon receiving necessary approvals.
The agreements cover the following transactions:
| Verizon Wireless will sell 39 lower 700 MHz B Block licenses (listed below) to AT&T in exchange for a payment of $1.9 billion, and the transfer by AT&T to Verizon Wireless of AWS (10 MHz) licenses in certain western markets, including Los Angeles, Phoenix, Fresno and Portland, Oregon. |
| Verizon Wireless will sell lower 700 MHz B Block licenses covering the Charlotte, Greensboro and Raleigh-Durham markets in North Carolina to Grain Management, a Sarasota, Florida-based private equity firm that invests in the telecommunications sector, in exchange for a payment of $189 million. |
| Verizon Wireless will lease from Grain Management an AWS license covering Dallas, Texas, which Grain is acquiring from AT&T. |
The agreements were reached as a result of Verizon Wireless spectrum sale process announced last spring for its lower 700 MHz spectrum licenses. To date, seven
companies, including those in this announcement, have signed license purchase agreements as a result of the sale process; five are small or regional telecom carriers and one is a minority-owned firm. Prior to the transactions announced today, Verizon Wireless has sold or agreed to sell 35 of its 77 lower B block licenses to 10 different entities, including transactions that were initiated prior to the sale process. The agreements signed today will complete the lower 700 MHz sale process.
In addition, through its LTE in Rural America program, Verizon Wireless is leasing upper 700 MHz C block spectrum to 20 rural operators to jumpstart the delivery of 4G LTE in rural areas.
Stephens Inc., an independent full service investment bank, and Loop Capital Markets LLC, a minority-owned full service investment bank, advised Verizon on the sale process to encourage broad-based participation from the rural telecom community and minority- and female-owned businesses.
Following is a list of markets covered by the 39 licenses that Verizon Wireless will sell to AT&T:
Chicago, IL | Los Angeles, CA | |
Miami, FL | Oklahoma City, OK | |
Cincinnati, OH | Memphis, TN | |
West Palm Beach, FL | Rochester, NY | |
Youngstown, OH | Lake Charles, LA | |
Fort Collins, CO | Bradenton, FL | |
Alexandria, LA | Billings, MT | |
Rapid City, SD | Tyler, TX | |
Longview, TX | Waco, TX | |
Texarkana, TX | Great Falls, MT | |
Pueblo, CO | Casper, WY | |
Utah 1, 4, 5 and 6 | Louisiana 1, 2 and 3 | |
Wyoming 2 | Washington 2 | |
Idaho 5 | Texas 18 | |
Colorado 4 | New Mexico 5 | |
Virginia 10 | Montana 8 and 9 | |
South Dakota 1 |