Verizon Sells Phone Lines to Frontier for $5.25B

May 12, 2009

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Verizon Communications Inc. will sell 4.8 million rural phone lines to Frontier Communications Inc. for $5.25 billion in stock, getting rid of the declining business to focus on wireless and broadband services.

*For more on this story,

read the full Reuters article.

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Verizon Sells Phone Lines to Frontier for $5.25B

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