Ads
related to: verizon selling landlines for sale
Search results
Results From The WOW.Com Content Network
In that year, Verizon Communications announced plans to sell its landline operations in Maine, New Hampshire, and Vermont to FairPoint for $2.7 billion. Of that amount, $1.7 billion would go to Verizon in cash and debt and approximately $1.015 billion would go to Verizon shareholders in FairPoint common stock. Verizon would hold no stock.
On February 5, 2015, Frontier announced that it would also acquire Verizon's wireline assets in California, Florida and Texas for $10.5 billion. [8] The transition took effect April 1, 2016; technical issues with the integration resulted in a disruption of service for many FiOS users in the markets, which continued for some in the weeks that ...
However, for customers of Verizon, the predominant landline provider in the Northeast for decades, that transition largely occurred in the 2000s, when landlines were still prominent.
Verizon formerly served ex-GTE areas in parts of California, Florida and Texas before selling to Frontier Communications in 2016. Claro Puerto Rico , which serves every exchange in Puerto Rico, has been owned by the international telecommunications giant América Móvil since in 2007.
The sale will see online media brands under the former Yahoo and AOL umbrellas like TechCrunch, Yahoo Finance and Engadget go to Apollo. Verizon sells Yahoo and AOL businesses to Apollo for $5 billion
In particular, the company agreed to sell 663 million MHz POPs of its Cellular (850 MHz) spectrum, along with 11 million MHz POPs of AWS and 19 million MHz POPs of PCS licenses, to Verizon.
GTE agreed to sell 400,000 lines in New Mexico and lines in rural areas of Texas to a company called Valor Telecom (later absorbed into Windstream Holdings). [2] In 2000, Bell Atlantic purchased GTE and renamed itself Verizon. Shortly thereafter, the pending sale of GTE Southwest's operations to Valor Telecom was completed.
FILE - A Verizon retail location is shown in Willow Grove, Pa., Thursday, Feb. 22, 2024. Verizon is buying Frontier Communications in a $20 billion deal that helps bolster its fiber network.