Verizon Sells Phone Lines to Frontier for $5.25B

May 12, 2009

114

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.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Would you like to subscribe to Orange County Business Journal?

One-Year for Only $99

Unlimited access to OCBJ.com
Daily OCBJ Updates delivered via email each weekday morning
Journal issues in both print and digital format
The annual Book of Lists: industry of Orange County's leading companies
Special Features: OC's Wealthiest, OC 500, Best Places to Work, Charity Event Guide, and many more!

Emulex Plays Up Work With Broadcom Rival

Intel Hit With Record $1.45B Antitrust Fine

staff-author

Verizon Sells Phone Lines to Frontier for $5.25B

Want more from the best local business newspaper in the country?

Would you like to subscribe to Orange County Business Journal?

Featured Articles

Fusion Company TAE Gets $200M from Trump Group

WM Technology to Voluntarily Delist from Nasdaq

Kura Sushi Reports 23% Increase in Fiscal Q2 Sales; CFO Departs

Related Articles

Fusion Company TAE Gets $200M from Trump Group

WM Technology to Voluntarily Delist from Nasdaq

Kura Sushi Reports 23% Increase in Fiscal Q2 Sales; CFO Departs

UST Acquires Intecrowd

Midday Stock Roundup: Alignment Healthcare rises

Advertise With Us

About Us

Subscriber Links

Other Journals