These excerpts taken from the VZ 10-K filed Feb 28, 2008.
Verizon Hawaii Inc.
During 2005, we sold our wireline and directory businesses in Hawaii, including Verizon Hawaii Inc. which operated approximately 700,000 switched access lines, as well as the services and assets of Verizon Long Distance, Verizon Online, Verizon Information Services and Verizon Select Services Inc. in Hawaii, to an affiliate of The Carlyle Group for $1,326 million in cash proceeds. In connection with this sale, we recorded a net pretax gain of $530 million ($336 million after-tax).
Verizon Hawaii Inc.STYLE="margin-top:0px;margin-bottom:-6px">
During 2005, we sold our wireline and directory businesses in Hawaii,