Verizon Selling Rural Landlines To Frontier

05.14.09 | FL News Team

Verizon Communications is getting rid of its landline service in America's rural areas. The wireless giant is selling its rural landline operations to Frontier Communications for a little more than five-billion dollars in stock. About three-billion dollars in debt would also be transferred to Frontier.

Verizon says it wants to enhance not only its wireless business, but also expand its remaining landline facilities to fiber optics in urban areas. Building additional fiber optic capacity will enable Verizon to offer lucrative television and Internet services to more customers.