WASHINGTON (May 14 2009): US telecom giant Verizon announced on Wednesday it has agreed to sell its land line service in 14 US states to Frontier Communications in an all-stock deal valued at 8.6 billion dollars. Verizon said in a statement that the sale of its traditional telephone business in the 14 states will allow the company to concentrate on providing wireless, broadband and high-speed Internet services.
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