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Verizon milks another cash cow

WSJ reports Verizon (VZ) is mulling a sale of their yellow pages for than $17 billion. Those that feel that Verizon is plowing money into the ground by laying fiber can take comfort in the fact this sale will finance the equivalent of wiring around 9 million households. What would you rather own – the yellow pages or connections to 9 million households with 21st century infrastructure that you no longer have to lease to someone else?


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