Federal Communications Commission Approves Frontier Communications’ Acquisition of AT&T’s Connecticut Wireline Operations
26 July 2014 - 6:09AM
Business Wire
Full Transaction Expected to Close in the
Fourth Quarter
Frontier Communications (NASDAQ:FTR) announced today that the
Federal Communications Commission (FCC) has approved its proposed
acquisition of AT&T’s local wireline, broadband and video
operations in Connecticut. The company is currently also seeking
approval from the Connecticut Public Utilities Regulatory Authority
(PURA), and has already received Justice Department approval.
Pending PURA approval, the company expects to close the Connecticut
acquisition transaction in the fourth quarter.
Maggie Wilderotter, Frontier's Chairman and Chief Executive
Officer said, “We are pleased that the FCC Chairman and
Commissioners moved swiftly to support this acquisition, releasing
an Order well in advance of the FCC’s internal deadline for review
of such transactions. We look forward to demonstrating our
broadband commitment to our home state of Connecticut, our
headquarters since 1946. Soon Connecticut consumers and businesses
will benefit from our full complement of products and services and
experience firsthand our high-touch local engagement management
model and our active involvement in the communities we serve.” She
added, “We also look forward to welcoming a highly skilled
workforce and partnering with the Communications Workers of America
to provide premier telecommunications services throughout
Connecticut.”
Frontier will offer Connecticut customers the company’s full
portfolio of products and services, including broadband services,
wireline local and long distance phone service, video viewing
options, and innovative products and services such as Frontier
Secure, an industry leading digital security offering that provides
customers with top-rated online computer protection and premium
technical support. In addition, Frontier has pledged to deploy
broadband of at least 10 Mbps download speed to 100,000 potential
customers that lack such access today while also upgrading its
middle mile network.
About Frontier
Communications
Frontier Communications Corporation (NASDAQ:FTR) offers
broadband, voice, satellite video, wireless Internet data access,
data security solutions, bundled offerings, specialized bundles for
residential customers, small businesses and home offices and
advanced communications for medium and large businesses in 27
states. Frontier's approximately 13,700 employees are based
entirely in the United States. More information is available
at www.frontier.com.
Frontier CommunicationsSteve Crosby,
916-686-3333916-206-8198Steven.crosby@ftr.com
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