Verizon, Frontier ask FCC to back license transfers | Deals | Regulatory News | Reuters
May 29, 2009
Reuters - Verizon Communications Inc (VZ.N) and Frontier Communications Corp (FTR.N) on Friday asked U.S. regulators to approve the transfers of phone line licenses as part of the companies' $5.25 billion deal. Under a deal announced earlier this month, Verizon would sell 4.8 million rural phone lines to Frontier, which would become the largest rural-only service provider in the United States.
"The proposed transaction will not cause competitive harm and will bring significant public interest benefits, including the increased deployment of broadband to rural areas, which both the President and Congress have identified as a national priority," the joint filing with Federal Communications Commission said...
Reuters - Verizon Communications Inc (VZ.N) and Frontier Communications Corp (FTR.N) on Friday asked U.S. regulators to approve the transfers of phone line licenses as part of the companies' $5.25 billion deal. Under a deal announced earlier this month, Verizon would sell 4.8 million rural phone lines to Frontier, which would become the largest rural-only service provider in the United States.
"The proposed transaction will not cause competitive harm and will bring significant public interest benefits, including the increased deployment of broadband to rural areas, which both the President and Congress have identified as a national priority," the joint filing with Federal Communications Commission said...
posted by Connect Ohio at
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