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Verizon to buy fiber-optic business for about $1.8 billion
2016-02-22 17:22:04| Telecom - Topix.net
Verizon says it will pay $1.8 billion to buy the fiber-optic network business of XO Communications, in a deal that the wireless phone company said would boost the networks of its customers. New York-based Verizon Communications Inc. says it will also rent XO's wireless spectrum and has the option to buy the spectrum at the end of 2018.
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Verizon to buy XO Communications' fiber-optic business
2016-02-22 17:22:03| Telecom - Topix.net
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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Verizon to buy XO fibre network business for USD 1.8 bln
2016-02-22 15:49:00| Telecompaper Headlines
(Telecompaper) Verizon has agreed to buy XO Communications' fibre-optic network business for USD 1.8 billion. The deal gives Verizon access to XO's fibre-based IP and Ethernet networks to serve business and wholesale customers as well as boost backhaul for its mobile network. In addition, Verizon will lease XO's wireless spectrum, with an option to buy that spectrum by the end of 2018. Pending regulatory approval, the companies expect to close the deal in the first half of 2017. XO was saved from bankruptcy by Carl Icahn in 2003, and he is the sole shareholder of the parent company XO Holdings. Icahn said in a statement that while the sale to Verizon "does not represent a significant annualized return" on the investment in XO, "in today's environment it does represent the best achievable outcome for the company's customers, employees and owner".
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27/04/2016 - Business Resilience Forum April 2016 (3955)
2016-02-22 11:54:39| BIFM Events
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Aldridge Announces Business Expansion
2016-02-22 11:31:09| Industrial Newsroom - All News for Today
LIBERTYVILLE, Ill. Aldridge Construction, a leading provider of heavy civil and electrical construction services nation-wide, has announced the acquisition of Magco Drilling Inc., a foundation contractor based in Azusa, California. With this acquisition, Aldridge adds capabilities to an already diverse portfolio...
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