Commercial Team is Delivering Exceptional Customer Value and
Results
STAMFORD, Conn.--(BUSINESS WIRE)--
Frontier Communications Corporation’s (NYSE: FTR) focus on the
commercial market is delivering industry-leading products and services
to its national customer base.
According to Pete Hayes, Frontier’s Executive Vice President, Commercial
Sales and Support, “Our commercial business is positioned for increased
growth and profitability as Enterprise, Public Sector, Medium and Small
Businesses customers seek cost-effective end-to-end solutions.” He added
that the planned completion of the company’s transformational
transaction with Verizon Communications on July 1st will
increase Frontier’s service capabilities, geographic coverage and
customer demand. “Our Commercial segment has great market potential, an
outstanding group of existing and potential customers and a solid
business pipeline.”
Hayes noted the following highlights:
-
Penn Foster, based in Pennsylvania, selected Frontier to deploy
Multiprotocol LabelSwitching (MPLS) for 63 sites. MPLS directs
and carries data from one network node to the next, making it easy to
create "virtual links" between distant nodes. Penn Foster, which
offers programs of study via distance learning, chose Frontier for its
responsiveness and the effectiveness of its design. In a separate
project, Frontier upgraded Penn Foster’s communications systems to
VoIP networking and application software. The company cited Frontier’s
committed relationship, system design/deployment, and financial
flexibility as critical to its selection.
- First Columbia Bank in Pennsylvania chose Frontier to deploy MPLS for
a nine-site network. It switched to Frontier based on the company’s
responsiveness, design plans and value positioning.
-
AICUP (Association of Independent Colleges and Universities of PA)
contracted with Frontier for Internet Access and a Wide Area Network
(WAN) consortium of 13 institutions of higher education in northeast
and southeast Pennsylvania. The relationship has significant
technological and financial benefits for the parties. Frontier was
selected after an 18-month review process and the company’s
cooperation with AICUP’s mission, the relationship between the parties
and the creativity of design and funding were decisive factors.
-
In Georgia, the Bulloch County School District awarded Frontier a
contract to install a VoIP communications system for a network of 22
schools. The contract award took into account Frontier’s
responsiveness, creativity of design and relationship with the
district.
-
The Fairmont School District in Minnesota sought to increase its
capabilities while adhering to a budget. Frontier met its needs with a
high-quality design that was an upgrade of Centrex to District Wide
Communications to Premise Based VoIP.
-
Consulted about 911 upgrades in New York’s Fulton and Montgomery
counties, Frontier installed a shared 911 system that enhances
communications capabilities, reduces costs and pre-positions the
customers for advanced offerings. The system’s geo-diversity provides
critical redundancy: an outage at one 911 center means calls will be
seamlessly and expeditiously picked up by the other center.
-
In Arizona, Frontier worked closely with local police and emergency
centers to install call processing solutions that put new PBXs at
Public Safety Answering Points, bringing the latest call traffic and
statistical reporting within the centers.
- Frontier installed seven Mitel 3300 PBXs for the Kingman, Arizona
Unified School District, enabling 4-digit dialing throughout a
district serving 7,200 students. The school district’s purchase was
based upon a strong relationship with Frontier’s local account manager
and its local operations, advanced technology and responsiveness.
- The Sunrise Ski Resort in Arizona’s White Mountains, owned and
operated by the White Mountain Apache Tribe, now has a Mitel 3300
phone system installed by Frontier that seamlessly links the resort’s
lodge and hotel.
- Frontier has agreements in place to deploy fiber-optic based Dense
Wavelength Division Multiplexing (DWDM) to several enterprise-level
accounts in its Rochester, New York market that will generate more
than $10 million in revenue over the next few years. DWDM technology
provides highly reliable solutions in support of significant bandwidth
requirements by placing data from different sources together on an
optical fiber, with each signal carried at the same time on its own
separate light wavelength.
-
Many Frontier customers run mission-critical applications in the
company’s SAS 70 Secure Cyber Center in Rochester, New York. This
10,000 square foot, state-of-the-art facility offers premier data
center security and storage applications, a self-healing SONET
network, scalable Internet connectivity through Frontier’s core
network infrastructure, and redundant IP backbone. A tour of the
center is available at http://www.frontier.com/cybercenter/tour/flash_content/index.html
“Frontier offers its Commercial customers a robust end-to-end network,
equipment and management platform for mission-critical applications,
communications and services,” said Hayes. “We offer high-touch customer
support and dedicated account managers who know how to design custom
solutions to meet our customers’ desktop, IT and communication needs.”
About Frontier
Frontier Communications Corporation (NYSE: FTR) offers broadband, video
and phone services in 24 states with approximately 5,400 employees. Upon
completion of its transaction with Verizon, Frontier will become the
largest provider of communications services to rural America, serving
more than 4.0 million customers in 27 states with more than 14,000
employees. More information is available at www.frontier.com
and www.frontier.com/ir.
Forward-Looking Language
This press release contains forward-looking statements that are made
pursuant to the safe harbor provisions of The Private Securities
Litigation Reform Act of 1995. These statements are made on the basis of
management’s views and assumptions regarding future events and business
performance. Words such as “believe,” “anticipate,” “expect” and similar
expressions are intended to identify forward-looking statements.
Forward-looking statements (including oral representations) involve
risks and uncertainties that may cause actual results to differ
materially from any future results, performance or achievements
expressed or implied by such statements. These risks and uncertainties
are based on a number of factors, including but not limited to: Our
ability to complete the acquisition of access lines from Verizon;
continuing effectiveness of all regulatory approvals for the Verizon
transaction and any adverse conditions contained in required regulatory
approvals for the transaction; for two years after the merger, we may be
limited in the amount of capital stock that we can issue to make
acquisitions or to raise additional capital; our indemnity obligation to
Verizon may discourage, delay or prevent a third party from acquiring
control of us during the two year period following the merger in a
transaction that our stockholders might consider favorable; the ability
to successfully integrate the Verizon operations into Frontier’s
existing operations; the effects of increased expenses due to activities
related to the Verizon transaction; the ability to successfully migrate
Verizon’s West Virginia operations from Verizon owned and operated
systems and processes to Frontier owned and operated systems and
processes; the risk that the growth opportunities and cost synergies
from the Verizon transaction may not be fully realized or may take
longer to realize than expected; the sufficiency of the assets to be
acquired from Verizon to enable us to operate the acquired business;
disruption from the Verizon transaction making it more difficult to
maintain relationships with customers, employees or suppliers; the
effects of greater than anticipated competition requiring new pricing,
marketing strategies or new product or service offerings and the risk
that we will not respond on a timely or profitable basis; reductions in
the number of our access lines that cannot be offset by increases in
High Speed Internet subscribers and sale of other products; our ability
to sell enhanced and data services in order to offset ongoing declines
in revenue from local services, switched access services and subsidies;
the effects of ongoing changes in the regulation of the communications
industry as a result of federal and state legislation and regulation;
the effects of changes in the availability of federal and state
universal funding to us and our competitors; the effects of competition
from cable, wireless and other wireline carriers (through voice over
internet protocol (VOIP), DOCSIS 3.0, 4G or otherwise); our ability to
adjust successfully to changes in the communications industry and to
implement strategies for growth; adverse changes in the credit markets
or in the ratings given to our debt securities by nationally accredited
ratings organizations, which could limit or restrict the availability,
or increase the cost, of financing; continued reductions in switched
access revenues as a result of regulation, competition and/or technology
substitutions; the effects of changes in both general and local economic
conditions on the markets we serve, which can affect demand for our
products and services, customer purchasing decisions, collectability of
revenue and required levels of capital expenditures related to new
construction of residences and businesses; our ability to effectively
manage service quality; our ability to successfully introduce new
product offerings, including our ability to offer bundled service
packages on terms that are both profitable to us and attractive to our
customers; changes in accounting policies or practices adopted
voluntarily or as required by generally accepted accounting principles
or regulators; our ability to effectively manage our operations,
operating expenses and capital expenditures, and to repay, reduce or
refinance our debt; the effects of bankruptcies and home foreclosures,
which could result in difficulty in collection of revenues and loss of
customers; the effects of technological changes and competition on our
capital expenditures and product and service offerings, including the
lack of assurance that our ongoing network improvements will be
sufficient to meet or exceed the capabilities and quality of competing
networks; the effects of increased medical, retiree and pension expenses
and related funding requirements; changes in income tax rates, tax laws,
regulations or rulings, and/or federal or state tax assessments; the
effects of state regulatory cash management policies on our ability to
transfer cash among our subsidiaries and to the parent company; our
ability to successfully renegotiate union contracts expiring in 2010 and
beyond; declines in the value of our pension plan assets, which could
require us to make contributions to the pension plan in 2011 and beyond;
our ability to pay dividends in respect of our common shares, which may
be affected by our cash flow from operations, amount of capital
expenditures, debt service requirements, cash paid for income taxes and
our liquidity; the effects of any unfavorable outcome with respect to
any of our current or future legal, governmental or regulatory
proceedings, audits or disputes; the possible impact of adverse changes
in political or other external factors over which we have no control;
and the effects of hurricanes, ice storms or other natural disasters.
These and other uncertainties related to our business are described in
greater detail in our filings with the Securities and Exchange
Commission, including our reports on Forms 10-K and 10-Q, and the
foregoing information should be read in conjunction with these filings.
We undertake no obligation to publicly update or revise any
forward-looking statements or to make any other forward-looking
statement, whether as a result of new information, future events or
otherwise unless required to do so by securities laws.
Additional Information and Where to Find It
This filing is not a substitute for the definitive prospectus/proxy
statement included in the Registration Statement on Form S-4 that
Frontier filed, and the SEC has declared effective, in connection with
the proposed transactions described in the definitive prospectus/proxy
statement. INVESTORS ARE URGED TO READ THE DEFINITIVE PROSPECTUS/PROXY
STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION, INCLUDING DETAILED
RISK FACTORS. The definitive prospectus/proxy statement and other
documents filed or to be filed by Frontier with the SEC are or will be
available free of charge at the SEC’s website, www.sec.gov,
or by directing a request when such a filing is made to Frontier, 3 High
Ridge Park, Stamford, CT 06905-1390, Attention: Investor Relations.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy securities, nor shall there be any sale
of securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction.
Frontier’s stockholders approved the proposed transactions on October
27, 2009, and no other vote of the stockholders of Frontier or Verizon
is required in connection with the proposed transactions.
Source: Frontier Communications Corporation
Contact:
Frontier Communications Corporation
Steve Crosby, 916-206-8198
SVP,
Government and Regulatory Affairs
steven.crosby@frontiercorp.com