Verizon Communications to Divest Wireline Business in 14 States
May 13, 2009, 7:14 AM by Eric M. Zeman
Today Verizon Communications announced that it plans to divest its wireline operations in 14 states. The mostly rural regions will be merged with Frontier Communications' wireline operations. Frontier will gain approximately 11,000 Verizon employees. The deal is valued at $8.6 billion and includes a combination of stock and cash renumerations to Verizon. The move is a strategic one, as Verizon Communications is re-focusing its business on wireless, broadband and global IP services.
|Northern New England was Divested||Nadesico81||
This forum is closed.