Frontier to buy rural Verizon lines for $5.3B

(AP) -- Verizon Communications Inc. said Wednesday it reached a deal to sell scattered phone service areas outside its main Northeastern and Californian territories for $5.3 billion in stock.

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<p><a href="http://www.physorg.com/news161437187.html">Frontier to buy rural Verizon lines for $5.3B</a></p> <p>(AP) -- Verizon Communications Inc. said Wednesday it reached a deal to sell scattered phone service areas outside its main Northeastern and Californian territories for $5.3 billion in stock.</p>