Actually it won't be. Verizon's shareholders will get 60% of FairPoint stock - not Verizon. Fairpoint will be an independent company not under Verizon control.
Of course, the same rich people that own most of Verizon will own most of FairPoint, but that is not the same thing as Verizon owning it.
Every one that owns stock is not rich, far from it. Especially when the stock is worth less then it was when the company was Bellatlantic.
Perhaps Teletruth can supply broadband to the great unwashed.
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