Verizon sells its land lines but doesn't expect many job losses in Everett

May 15, 2009

The pending sale of Verizon phone lines in Washington isn't expected to result in a high rate of job losses at the company's regional headquarters in Everett, but Verizon officials said Thursday that specifics of the sale likely won't be clear for another year.

The telecommunications company announced Wednesday it plans to sell land lines in 14 states to Connecticut-based Frontier Communications for $5.3 billion in stock, pending the approval of state agencies and shareholders...