STAMFORD, Conn.--(BUSINESS WIRE)--
Frontier Communications Corporation (NASDAQ:FTR) a leading provider of
communications services throughout 27 states and headquartered in
Connecticut since 1946, today announced that the State of Connecticut
Public Utilities Regulatory Authority (PURA) has approved the Company’s
purchase of AT&T Connecticut’s wireline operations. PURA’s approval
marks the final regulatory step toward the Company offering broadband,
voice, video and other products to residential and business customers in
the state.
“We are delighted to have received the full approval of PURA,” said Dan
McCarthy, Frontier Communications’ President and Chief Operating
Officer. “Throughout, we have been impressed by the diligence of PURA’s
commissioners and staff, and appreciate the fair, open forum they
provided to all stakeholders in the process. We look forward to
completing the transaction and providing excellent products and services
to customers in our home state.” The transaction is expected to
officially close on Friday, October 24, 2014.
PURA’s approval follows a 10-month process in which the Company
presented detailed information on its products and services, capital
investment, workforce management and charitable activities in the state.
During the course of PURA’s review, the Company received the support of
Connecticut’s Office of the Attorney General, The Office of the Consumer
Counsel, and Communications Workers of America Local 1298.
In its approval, PURA found Frontier’s acquisition of AT&T Connecticut
operations to be in the public interest and that Frontier has the
financial, technological and managerial suitability required to provide
safe and reliable service.
Following the closing, the approximately 2,600 AT&T employees who
currently serve Connecticut customers will become Frontier employees.
“From the very beginning, Frontier has been fair and upfront with the
CWA and its leadership, which led to a labor agreement that has
substantial benefits for both our members and the Company,” said Bill
Henderson, President of Communications Workers of America Local 1298.
“Our members work hard every day, and share completely Frontier’s goal
of putting the customer first. We look forward to introducing
residential and business customers to Frontier’s local engagement plan
and great customer service. We welcome the opportunity to partner with
Frontier to provide extraordinary service to our customers and
neighbors.”
Frontier has announced that Paul Quick will lead its Connecticut
operations as Senior Vice President & General Manager and will be based
in Hartford. Frontier will have Area General Managers in Fairfield, New
Haven, Hartford and Litchfield counties and in eastern Connecticut
(Tolland, Windham, New London and Middlesex counties). More information
about the Connecticut acquisition and Frontier careers in the state is
available at frontier.com/ct.
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 13,900 employees are based entirely in the United States.
More information is available at www.frontier.com.
Frontier Communications
Brigid Smith, 203-614-5042
brigid.smith@ftr.com
Source: Frontier Communications Corporation