Verizon Completes Takeover of XO Communications and Its Fiber Network Business
Verizon said it completed its $1.8 billion buy of XO Communications and its fiber network business, less than a week after Pennsylvania regulators provided the final government approval (see 1701260013). The acquired assets will help the company extend "high-quality network…
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services to its enterprise and wholesale customers," said a Verizon release Wednesday. "It will help the company in its plans to densify its cellular network, and to deploy new 5G technologies." Verizon also agreed to lease spectrum from former XO affiliate NextLink Wireless.