Things are always changing in the rough-and-tumble telecommunications game. While Jim Cramer has been talking up smart phones and wireless infrastructure for weeks, he took time out to examine another side of the telecom sector -- local landlines.
Frontier Communications(FTR Quote) made waves back in May when it announced plans to build its extensive rural land line network. Frontier announced plans to scoop up 4.8 million landlines from Verizon(VZ Quote) for $5.25 billion in stock.
The company sells local and long distance to customers in 24 states, while also offering broadband services. The Stamford-based outfit also offers an array of television cable services and packages, partnering with the DISH network. "Rural is truly our business," CEO Maggie Wilderotter said on last night's "Mad Money." ...
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