Sunday, December 4, 2005

Verizon Consider Sale of Directories Business

Verizon Communications is considering strategic alternatives for the domestic operations of the company's wholly owned directories publishing business, Verizon Information Services (VIS). The division operates and publishes approximately 1,750 telephone directories in 44 states and Washington, D.C.

Verizon Chairman and CEO Ivan Seidenberg said, "With the MCI merger expected to close shortly, this is the right time for us to optimize our business mix and unlock value. We remain focused on a competitive strategy of operating the best networks to serve wireless, broadband and enterprise customers. We are satisfied with the current levels of investment in our network growth initiatives, and there is no change to our previously announced operating guidance for 2006."


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