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Frontier Communications to acquire Verizon's wireline operations in 3 states

( February 5, 2015, 22:38 GMT | Official Statement) -- MLex Summary: Frontier Communications has agreed to acquire for $10.54 billion telecommunications giant Verizon Communications' wireline operations that provide services to residential, commercial and wholesale customers in California, Florida and Texas. The transaction is expected to close in the first half of 2016. Frontier Communications is listed on Nasdaq, Verizon Communications is traded on the New York Stock Exchange.Statement follows in full....

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