“The deal includes all of Verizon’s wireline assets in Arizona, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina, Ohio, Oregon, South Carolina, Washington, West Virginia and Wisconsin as well as some assets in California.” [Yahoo]
Marketwatch announced that “Frontier will be merged with a separate, newly formed entity known as SpinCo, which will be spun off to Verizon’s shareholders. …SpinCo will carry approximately $3.3 billion of debt consisting of a combination of newly issued debt as well as assumed debt. Verizon will receive about $3.3 billion of cash or debt relief.”
Looks to me like another Fairpoint deal. Ask New England subscribers how they feel.
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Posted: 2009-05-13 09:36:26
SELLECOM: 101 Ideas for Marketing in the Telecom Jungle. 
