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Verizon to sell wireline operations, towers worth $15.6 billion

Verizon Communications (VZ.N) said it would sell wireline assets to Frontier Communications (FTR.O) for $10.54 billion in cash and sell and lease cell phone towers for around $5 billion to American Tower in a deal that will help it pay off recent wireless spectrum purchases.

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Libya pays heavy economic price as fighting takes toll

The central bank is burning through its foreign reserves and many government services are being cut as Libya reels under the effects of a collapse in oil revenues caused by factional fighting that threatens to tear the country apart.

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