who purchased xo communications
The Federal Communications Commission could be throwing a wrench in Verizon Communicationsâ strategy for offering super-fast upcoming 5G wireless service in the next few years. The strategy depends in part on Verizon $1.8 billion deal to acquire XO Communicationsâ national fiber optic network and lease rights to XOâs high frequency airwave rights. But this week, the FCC said it was pausing its usual 180-day review period for evaluating the deal with XO, owned by billionaire investor Carl Icahn, after many of Verizonâs competitors complained.