FCC Title II proposal influenced Verizon's wireline asset sale [telecom]

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Verizon's McAdam: FCC Title II proposal influenced $10.5B wireline asset sale to Frontier By Sean Buckley, FierceTelecom, February 6, 2015

Verizon finally made it public that is selling its wireline assets in three states to Frontier for $10.5 billion, but besides getting more cash to fund its wireless operations, its decision was also influenced by the FCC's move to reclassify wireline broadband providers under Title II of the 1996 Telecom Act.

Speaking to investors and reporters about the new deal, Lowell McAdam, CEO of Verizon, said that the Title II proposal and associated regulatory uncertainty was a big factor.

"An important consideration was the current regulatory uncertainty and the potential impacts on future investments of a reclassification of broadband under Title II," McAdam said.

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Neal McLain