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.
Comments
Northern New England was Divested
Wired Phone service is becomeing old skool if you ask me. I only have a wired phone so I can get DSL. I never use it and dont even know what the number is.