VZ » Topics » Telecomunicaciones de Puerto Rico, Inc.

This excerpt taken from the VZ 8-K filed Nov 2, 2009.

Telecomunicaciones de Puerto Rico, Inc.

On March 30, 2007, we completed the sale of our 52% interest in Telecomunicaciones de Puerto Rico, Inc. (TELPRI) and received gross proceeds of approximately $980 million. The sale resulted in a pretax gain of $120 million ($70 million after-tax). Verizon contributed $100 million ($65 million after-tax) of the proceeds to the Verizon Foundation.

This excerpt taken from the VZ 10-K filed Feb 24, 2009.

Telecomunicaciones de Puerto Rico, Inc.

On March 30, 2007, we completed the sale of our 52% interest in Telecomunicaciones de Puerto Rico, Inc. (TELPRI) and received gross proceeds of approximately $980 million. The sale resulted in a pretax gain of $120 million ($70 million after-tax). Verizon contributed $100 million ($65 million after-tax) of the proceeds to the Verizon Foundation.

This excerpt taken from the VZ 10-Q filed Oct 28, 2008.

Telecomunicaciones de Puerto Rico, Inc.

On March 30, 2007, after receiving Federal Communications Commission approval, we completed the sale of TELPRI and received gross proceeds, for our 52% interest, of approximately $980 million. The sale resulted in a net pretax gain of $120 million ($70 million after-tax, or $.02 per diluted share). During the first quarter of 2007, Verizon contributed $100 million ($65 million after-tax) of the proceeds to the Verizon Foundation.

This excerpt taken from the VZ 10-Q filed Jul 29, 2008.

Telecomunicaciones de Puerto Rico, Inc.

On March 30, 2007, after receiving Federal Communications Commission approval, we completed the sale of TELPRI and received gross proceeds, for our 52% interest, of approximately $980 million. The sale resulted in a net pretax gain of $120 million ($70 million after-tax, or $.02 per diluted share). During the first quarter of 2007, Verizon contributed $100 million ($65 million after-tax) of the proceeds to the Verizon Foundation.

This excerpt taken from the VZ 10-Q filed Apr 29, 2008.

Telecomunicaciones de Puerto Rico, Inc.

On March 30, 2007, after receiving Federal Communications Commission approval, we completed the sale of TELPRI and received gross proceeds, for our 52% interest, of approximately $980 million. The sale resulted in a net pretax gain of $120 million ($70 million after-tax, or $.02 per diluted share). During the first quarter of 2007, Verizon contributed $100 million ($65 million after-tax) of the proceeds to the Verizon Foundation.

These excerpts taken from the VZ 10-K filed Feb 28, 2008.

Telecomunicaciones de Puerto Rico, Inc.

 

On March 30, 2007, we completed the sale of our 52% interest in Telecomunicaciones de Puerto Rico, Inc. (TELPRI) and received gross proceeds of approximately $980 million. The sale resulted in a pretax gain of $120 million ($70 million after-tax). Verizon contributed $100 million ($65 million after-tax) of the proceeds to the Verizon Foundation.

 

Telecomunicaciones de Puerto Rico, Inc.

STYLE="margin-top:0px;margin-bottom:-6px"> 

On March 30, 2007, we completed the sale of our 52% interest in
Telecomunicaciones de Puerto Rico, Inc. (TELPRI) and received gross proceeds of approximately $980 million. The sale resulted in a pretax gain of $120 million ($70 million after-tax). Verizon contributed $100 million ($65 million after-tax) of the
proceeds to the Verizon Foundation.

 

This excerpt taken from the VZ 10-Q filed Oct 30, 2007.

Telecomunicaciones de Puerto Rico, Inc.

On March 30, 2007, after receiving Federal Communications Commission approval, we completed the sale of TELPRI and received gross proceeds, for our 52% interest, of approximately $980 million. The sale resulted in a net pretax gain of $120 million ($70 million after-tax, or $.02 per diluted share). Verizon contributed $100 million of the proceeds to the Verizon Foundation to fund its charitable activities and increase its self-sufficiency.

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