Verizon to Buy XO’s Fiber-Optic Network

WASHINGTON—CNBC reports Verizon Communications, the No.1 U.S. wireless service provider, would buy Carl Icahn-owned XO Communications’ fiber-optic network business for about $1.8 billion.

Verizon said the deal will include XO’s fiber-based Internet protocol and Ethernet networks that will help serve its enterprise and wholesale customers.

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