News Update: Verizon down on spinoff of New Communications Holding
03 / lip
New Communications held defined assets and liabilities that were used in Verizon’s local exchange businesses and related activities in 14 states: Arizona, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina, Ohio, Oregon, South Carolina, Washington, West Virginia and Wisconsin — and in portions of California bordering Arizona, Nevada and Oregon. Immediately following the spinoff, New Commu…