Frontier Communications Receives PURA Approval for Acquisition of AT&T Wireline Operations in Connecticut
October 15 2014 - 10:10AM
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 CommunicationsBrigid Smith,
203-614-5042brigid.smith@ftr.com
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