Verizon Strikes Deal To Dump Remnants Of AOL & Yahoo To Apollo For $5 Billion

Under CEO Hans Vestberg, Verizon agreed to pay $53 billion in March to license wireless airwaves to help expand its 5G network infrastructure. It has also planned to spend another $10 billion over the next few years to upgrade its systems and build more wireless cell towers. The company already carries a mountainous $180 billion in debt, and has been responsible for some of the biggest corporate bond deals in market history.

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