Verizon will spin off its Telecommunications Relay Services (TRS)...
Verizon will spin off its Telecommunications Relay Services (TRS) division to GoAmerica for $50 million cash and up to an additional $8 million in contingent cash consideration, GoAmerica said Thursday. The move is part of Verizon’s plan to “focus…
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on core broadband and IP services,” a Verizon spokesman said. The deal is expected to close in 120 to 180 days, subject to approval by public utility commissions in California, Tennessee and the District of Columbia, he said. The deal is not subject to a separate financing contingency, GoAmerica said.