AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Verizon/MCI May Seek Addition By Subtraction; Rural Spinoff Possible; Move would help carrier speed up and pay for its big fiber-optic buildout.(INTERNET & TECHNOLOGY)
Byline: REINHARDT KRAUSE
Verizon Communications' New Year's resolution likely will be to slim down -- after it bulks up through the MCI acquisition, that is.
The nation's No. 2 phone company behind AT&T is expected to close its $8 billion purchase of long-distance firm MCI in early January. All regulatory approvals are in.
Verizon will gain a large roster of corporate clients from MCI.
Even as it gets bigger, Verizon is exploring the sale of its Yellow Pages directory business and, according to analysts, the idea of spinning off rural phone systems to shareholders.
Verizon put its rural spinoff plans on hold after agreeing to buy MCI in early 2005, in part to get state approvals for that merger.
The faster Verizon can shed many residential phone lines, the faster it can upgrade its network from copper to fiber-optic wiring in order to offer services similar to cable TV companies.
- Verizon to Sell Thousands of Kentucky Lines to Rural Phone Provider.
- Newspaper article from: Knight Ridder/Tribune Business News November 1, 2001 700+ words
...Business News Nov. 1--Verizon Communications has agreed...the nation's largest rural phone company, said yesterday it will purchase all 101 of Verizon's local telephone exchanges...about a year, about 950 Verizon employees in Kentucky will...
- SBC Plans to Sell Rural Phone Lines.
- Newspaper article from: Knight Ridder/Tribune Business News March 2, 2004 700+ words
...will sell about 500,000 rural phone lines in East Texas and Michigan...they said. SBC likely sees rural phone lines as expendable assets...months to mull unloading its rural phone assets. Verizon Communications Inc. has held...
- Rural Phone Provider Alltel Says Kentucky Line Buy to Boost Annual Revenues.
- Newspaper article from: Knight Ridder/Tribune Business News November 2, 2001 700+ words
...Ridder/Tribune Business News Nov. 2--Rural phone company Alltel Corp. said yesterday...596,000 phone lines in Kentucky from Verizon South will boost earnings by 2 cents...confirmed an analyst's estimate that Verizon currently gets an average of about...
- Minnesota firm to launch Internet telephony service for rural phone companies.
- Newspaper article from: Knight Ridder/Tribune Business News August 3, 2004 700+ words
...called "Bandwagon" starting next month that will allow small rural phone companies to offer VoIP, the acronym for "voice over Internet...like Qwest Communications International, AT&T and Verizon Communications -- as well as cable giants like Time Warner...
- Verizon Long-Distance Rates May Drop, Rural Local Rates May Rise in Virginia.
- Newspaper article from: Knight Ridder/Tribune Business News June 19, 2004 700+ words
...growing competition. Verizon cited the changing competitive...gradually raise subsidized rural phone rates. Faced with strong...opposition to the proposal, Verizon settled for the insertion...s legislature denied Verizon's request to gradually increase basic rural phone rates ...
- Rural phone companies see no immediate impact from federal telecommunications...
- Magazine article from: The Mississippi Business Journal Russell, Kelly May 13, 1996 700+ words
...Telecommunications Act of 1996, the fate of rural phone companies will be determined only after...many feel it will be a long time before rural phone companies experience the effects of...those customers." Under the new law, rural phone companies are exempt from interconnections...
- Verizon Owes Pennsylvania Consumers $2 Billion, Group Says.
- Newspaper article from: Knight Ridder/Tribune Business News February 19, 2003 700+ words
...customer rebate of $785 each. Verizon said that it was abiding by...of government relations for Verizon's Pennsylvania division...percent of Pennsylvania's rural phone lines served by Verizon now have broadband capability...
- Verizon wants to focus on wireless broadband & fiber to the home.
- Newspaper article from: The Online Reporter May 15, 2009 700+ words
...off Rural Areas to Frontier Verizon sees clearly where its biggest...network would be expensive. Verizon is selling off the rural phone lines to Frontier Communications...about $3.3 billion in debt. Verizon shareholders, but not Verizon...
