Frontier buys Verizon lines for $5.3B
The sale includes all of Verizon's phone lines in Arizona, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina, Ohio, Oregon, South Carolina, Washington, West Virginia and Wisconsin as well as some assets in border areas of California
Verizon lines in Connecticut, Delaware, the District of Columbia, Florida, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, Texas and Virginia and most of California are not affected by the deal.
The service areas in Florida, Texas and California are "islands" separated from Verizon's main Northeast territories, but CEO Ivan Seidenberg said they're large enough to merit investment, and the company is done with selling off phone lines.
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