Verizon to buy XO Communications' fiber-optic business

February 22, 2016 2:52 PM

9 0

Verizon to buy XO Communications' fiber-optic business

(Reuters) - Verizon Communications Inc, the No.1 U.S. wireless service provider, said it would buy Carl Icahn-owned XO Communications' fiber-optic network business for about $1.8 billion.

Verizon said the deal will include XO's fiber-based Internet protocol and Ethernet networks that will help serve its enterprise and wholesale customers.

Also read: Exxon Mobil Expands Permian Basin Footprint in Deal Worth More Than $5.6 Billion

Read more

To category page

Loading...