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Verizon agrees to buy fiber-optic networks

Verizon agrees to buy fiber-optic networks

Verizon Communications Inc., the nation’s largest wireless carrier, agreed to acquire fiber-optic networks from Carl Icahn’s XO Communications LLC for about $1.8 billion to add Internet bandwidth for corporate clients. Verizon will also lease wireless spectrum from closely held XO, with an option to buy the unit that controls the airwaves by the end of […]

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