Verizon Communications (VZ.N) said it would sell wireline assets to Frontier Communications (FTR.O) for $10.54 billion in cash and sell and lease cell phone towers for around $5 billion to American Tower in a deal that will help it pay off recent wireless spectrum purchases.
Deals
Puerto Rico set for tougher debt struggle after court ruling
Hopes of an orderly resolution to Puerto Rico's debt crisis suffered a heavy blow after a court voided the island's restructuring law, raising fears it may be heading for a longer, messier debt overhaul.
Five banks interested in Citi's Czech retail operations: report
Five Czech banks have expressed interest in bidding for Citigroup's retail operations in the Czech Republic, newspaper E15 reported on Monday, without citing its sources.
U.S. defense suppliers Harris and Exelis to combine
Harris Corp (HRS.N) will buy Exelis Inc (XLS.N) in a deal valued at about $4.75 billion, combining two big suppliers to the U.S. military at a time when the government is squeezing spending on defense.
Motorola exploring possible sale: Bloomberg
Walkie-talkie and radio systems maker Motorola Solutions Inc (MSI.N) is looking into a possible sale, Bloomberg reported, citing people familiar with the matter.
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Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder.
BT (BT.L) finalised a deal on Thursday to buy mobile operator EE for 12.5 billion pounds ($19 billion) and now faces a contested approval process to seal its status as Britain's dominant communications company.
Microblogging site Twitter Inc has reached a deal with Google Inc to make its tweets more searchable online, Bloomberg reported, citing people with knowledge of the matter.
J M Smucker Co (SJM.N), the maker of Folgers coffee, said it would buy pet food maker Big Heart Pet Brands, known for brands such as Meow Mix and Milk-Bone, for $3.2 billion to enter the fast-growing pet food market.
AT&T Inc is selling some data centers worth about $2 billion as it continues its streak of asset sales, people familiar with the matter said on Monday.
Troubled electronics retailer RadioShack Corp is preparing to shut down the chain in a bankruptcy deal that would see half the stores taken over by Sprint Corp, Bloomberg News reported, citing people with knowledge of the discussions.
Italy's Finmeccanica may decide to sell DRS Technologies once it has found a partner for the struggling U.S. unit, the chief executive of the aerospace and defense group told an Italian newspaper on Monday.
General Motors (GM.N) and Chinese partner SAIC Motor Corp (600104.SS) will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia’s biggest market and from there tackle other markets in the region.
Cement companies Lafarge SA (LAFP.PA) and Holcim Ltd (HOLN.VX) are nearing a deal to sell at least $7 billion worth of assets to Ireland's CRH PLC (CRH.I), the Wall Street Journal reported on Saturday, citing people familiar with the matter.
