Verizon Communications believes wireless and broadband are the future as it looks to sell off traditional phone lines, which have a value of up to $8 billion--a significant amount of cash to launch an offer for Vodafone's stake in Verizon Wireless. Specifically, it wants to sell off those traditional phone line assets that aren't scheduled for fiber upgrades. Since Verizon can't offer broadband with them, they aren't of much value, but it appears they aren't much value to others either since the company has not had much success pushing them. The possible deals involve lines in Vermont, New Hampshire and Maine as well as another package in Indiana, Illinois, Ohio and Michigan.
To read more about Verizon's possible sale of its phone lines:
- take a look at this article from The Wall Street Journal (sub. req.)