In 2014 the unemployment rate for people with only a high school education was 6%, while it was just 3.5% for those with a bachelor's degree, and less than 3% for those holding a master's degree. In effect, someone who has not graduated from college is twice as likely to be unemployed as someone who has.
In the U.S., XO owns and operates one of the largest IP and Ethernet networks that customers rely on for private data networking, cloud connectivity, unified communications and voice, Internet access, and managed services. The company, initially named NEXTLINK, first launched voice communications services on July 4, 1996.
Verizon buys XO Communications' fiber business for $1.8 billion. Verizon gives XO Communications' sole shareholder, Carl Icahn, an exit. Verizon on Monday said it will buy XO Communications' fiber-optic network business in a deal valued at $1.8 billion. The deal is expected to close in the first half of 2017. For Verizon, the acquisition will bolster its enterprise and wholesale businesses. XO is selling its fiber IP and Ethernet networks.