Verizon to buy XO Communications' fiber-optic business

February 22, 2016 2:52 PM

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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.

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