Frontier Files For Federal and State Regulatory Approvals
On February 3, 2014, Frontier Communications announced that it has filed applications with the FCC and the Connecticut Public Utilities Regulatory Authority as part of its agreement with AT&T to acquire AT&T's local wireline, broadband and video operations in Connecticut. Frontier also said it will file an application with the U.S. Department of Justice seeking approval of its application to acquire these operations.
Frontier previously announced on December 17, 2013, that it will acquire approximately 415,000 data, 900,000 voice, and 180,000 video residential connections of AT&T in Connecticut, as well as AT&T's local business connections and existing carrier wholesale relationships.
Frontier will pay $2 billion in cash for AT&T Connecticut. The business will be transferred on a debt-free basis. Frontier expects to close the acquisition in the second half of 2014.
Acquisition Press Release