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Verizon, Covad Settle Antitrust, Billing Suits

From Bloomberg News

Verizon Communications Inc. and Covad Communications Group Inc. settled a six-year antitrust fight.

Verizon and Covad ended billing and antitrust lawsuits and expanded their working agreements, the companies said. Terms weren’t disclosed.

The settlement ends all litigation between the companies, a Verizon spokesman said. It also led to new agreements between Covad, Verizon and MCI Inc., which Verizon is buying.


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