May 13, 2009
Verizon sheds more rural lines
By The Mainebiz News Staff
Verizon Communications Inc., which in 2008 sold its telephone lines in Maine, New Hampshire and Vermont to FairPoint Communications for $2.3 billion, has made another deal that will allow it to shed its remaining rural landlines in 14 other states.
Verizon yesterday said that it will sell its landline operations in states from Arizona and Oregon to North Carolina and Ohio, to Stamford, Conn.-based Frontier Communications Corp. for $5.3 billion in stock. Verizon said the deal will allow it to focus on its landline operations in the Northeastern United States and California.
Most Recent
Most Recent
Comments