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Tag: verizon business
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.
Tags: business
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verizon
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".
Tags: business
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Verizon could explore Yahoo's Internet business, CFO says
2015-12-08 12:33:05| IT Services - Topix.net
Verizon Communications Inc's chief financial officer Fran Shammo, said the No. 1 U.S. wireless carrier could look at buying Yahoo Inc's core business, which includes Mail, its news and sports sites and advertising technology, if it is a good fit.
Tags: internet
business
says
explore
Frontier plans to grow FiOS, business services in Verizon markets it is acquiring
2015-10-01 05:21:14| IT Services - Topix.net
Frontier Communications says it sees potential revenue opportunities to expand FiOS and business services in California, Florida, and Texas -- three markets where it will enter next year when it completes its acquisition of Verizon's assets in those states. Speaking to investors during the Deutsche Bank 2015 Leveraged Finance Conference, John Gianukakis, VP and treasurer for Frontier, said that it will look for ways to expand the FiOS footprint in California, Florida, and Texas with minimal investments.
Tags: services
business
plans
grow
Cybera And Verizon Simplify Business Application Delivery
2015-08-18 07:22:43| wirelessdesignonline News Articles
Franklin-based technology company, Cybera, creates solutions that help distributed enterprises connect the applications they need. With Cybera, enterprises provide their customers with a fast and convenient experience, while also keeping their networks secure.
Tags: business
application
delivery
verizon