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.
The automaker bought both technology and assets to help its new partner do battle with Uber, the other giant in the car-sharing industry.
The telco giant wants to wed the "TV everywhere" concept with its own mobile service. It could unveil something in the coming days.
The huge video game developer reportedly snaps up the assets of e-sports league and gaming service Major League Gaming for $46 million.
Marcelo Claure boasts that if he can utilize his wireless assets correctly, he could have the No. 1 or No. 2 performing network in the nation.
The world's largest software company says it's acquired the Israeli company's technology assets.
The carrier lost $2.38 billion in the quarter thanks to charges related to its wireline assets and its brand.
The company expects a pretax loss due to changes in pension and post-employment plans and abandonment of certain copper assets.
Twitter is loved by famous people -- something it's counting on to keep driving its business as an unsuspecting rival grows up.