Massucci's Take: Land lines soon to be extinct, but still worth billions


Add old-fashioned phone lines, known as land lines, to the list of soon-to-be-extinct things that still have plenty of value.

Verizon (VZ) agreed to sell 4.8 million land lines to Frontier Communications (FTR) for about $8.6 billion in stock and cash yesterday. Verizon wants to focus on its growth areas, and while land lines may be a dying business, Frontier sees value.

Like the jumbo-shrimp oxymoron, it makes perfect sense while making no sense at all.