U.S. pauses review of Verizon deal to buy XO Holdings
WASHINGTON, July 21 (Reuters) - The U.S. Federal Communications Commission said Thursday it is pausing its review of Verizon Communication Inc's planned $1.8 billion acquisition of Carl Icahn's XO Communications fiber-optic business.
The FCC said it was pausing its 180-day review period as it waits for additional information from the companies. Verizon, the No.1 U.S. wireless service provider, said in February the deal to buy XO Communications would include XO's fiber-based Internet protocol and Ethernet networks that will help serve its enterprise and wholesale customers.
(Reporting by David Shepardson)
