Frontier Communications will pick up parts of Verizon's landline business, while American Tower will pick up the rights to 11,300 cellular towers.
The company is close to selling off parts of its wireline business and cellular towers for $10 billion so it can focus on its core wireless service, The Wall Street Journal reports.
Technically Incorrect: Verizon issues a press release suggesting that the FCC's decision to regulate the Internet as a utility is archaic and sends the world back to the Dark Ages -- of 1934.
An attorney for the defunct streaming-TV service calls the results disappointing. The company had expected to bring in anywhere from $4 million to $31.2 million.
After service providers and rights holders were called on by the Australian Government to develop a code to address copyright infringement, the industry has responded with a three-strikes scheme for pirates.
Stratton takes over both the wireless and wireline businesses as former Verizon Wireless CEO Dan Mead prepares for retirement.
The carrier lost $2.38 billion in the quarter thanks to charges related to its wireline assets and its brand.
Your posthumous profile page can now be managed by someone you designate to handle that part of your online legacy.
Sprint will work with the investor behind RadioShack to re-create the stores under the two brands.
The president urges Congress to pass legislation that would strengthen the country's hacking detection system and counterintelligence capabilities.