Verizon Mulls Cash for Its Lines

The telecom giant is exploring a major sale of local lines, part of its changing focus to wireless and broadband

Verizon Communications (VZ) is evaluating the sale of about 5 million local phone lines in northern New England and the Midwest, part of a strategy to focus the telecom giant on higher-growth markets such as wireless and broadband (see BW, 05/24/04, "Verizon: Take That, Cable").

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