Transaction News
February 3, 2014

Frontier Communications begins Regulatory Approval Process to Acquire AT&T Wireline, Broadband and Video Operations in Connecticut

STAMFORD, Conn.--(BUSINESS WIRE)-- On January 31, 2014, Frontier Communications Corporation (NASDAQ:FTR) filed applications with the Federal Communications Commission and the Connecticut Public Utilities Regulatory Authority as part of its agreement with AT&T, Inc., announced December 17, 2013, to acquire AT&T's local wireline, broadband and video operations in Connecticut. Today, Frontier will file an application with the U.S. Department of Justice, pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, seeking approval of its application to acquire these operations

Source: Frontier Communications Corporation
November 11, 2013

Frontier Communications Joins White House and Other Leading Companies to Help the Long Term Unemployed


Initiative to Assist the Most Experienced Among Nation's Workforce

WASHINGTON--(BUSINESS WIRE)-- Frontier Communications (NASDAQ:FTR) Chairman and CEO Maggie Wilderotter announced today the company has joined other leading American companies to focus hiring efforts on the nation's long term unemployed, an issue highlighted by President Obama in his State of the Union address. Mrs. Wilderotter made the announcement following a meeting today at the White House hosted by President Obama, noting, "Those who have been unemployed the longest have experienced greater difficulty returning to the workforce during the current economic recovery. Statistics validate that these potential workers have more experience and education than applicants who are hired quickly after losing a position. Frontier is committed to adopting and building upon best practices that will expedite the return to the workforce of those who have been unemployed for a year or more."

Source: Frontier Communications Corporation
November 11, 2013

Frontier Communications Named a "Top 100" 2014 Military Friendly Employer®

Partnerships, local and corporate support extend robust focus on military hiring

STAMFORD, Conn.--(BUSINESS WIRE)-- Frontier Communications (NASDAQ:FTR) announced today that it has been named a "Top 100" 2014 Military Friendly Employer® by Victory Media, publisher of G.I. Jobs and Military Spouse. As part of this recognition, Frontier representatives will join other military-friendly and military spouse-friendly employers in ringing the NASDAQ Closing Bell today. More than 11 percent of Frontier employees are military veterans and reservists.

Source: Frontier Communications Corporation
December 17, 2013

Frontier Communications to Acquire AT&T's Wireline Residential and Business Services and Associated Assets in Connecticut

  • All-cash Transaction is Accretive to Free Cash Flow Per Share in the First Year
  • No Change to Frontier's Annual Dividend; Improves Payout Ratio
  • $200 Million in Annual Cost Synergies and Savings

STAMFORD, Conn.--(BUSINESS WIRE)-- Frontier Communications Corporation (NASDAQ:FTR) announced today that it has entered into a definitive agreement with AT&T, Inc. (NYSE:T) to acquire AT&T's wireline business and statewide fiber network that provides services to residential, commercial and wholesale customers in Connecticut. As part of the transaction, Frontier will also acquire AT&T's U-verse video and satellite TV customers in Connecticut. Frontier will pay AT&T $2 billion in cash for the business and related assets. Frontier's extensive experience operating local and national communications networks and providing communications services to residential and commercial customers throughout the country will contribute to the success of this transaction.

Source: Frontier Communications Corporation


FRONTIER IN THE NEWS

March 3, 2014

Resident Playing Key Role As Frontier Acquires State’s AT&T Services, Infrastructure

Source: The Bee (Newtown, Connecticut)
February 21, 2014

Frontier clears first AT&T acquisition hurdle

Source: The Business Journal (Hartford, Connecticut)
February 16, 2014

Frontier community focus to overtake AT&T

Source: Fairfield County Business Journal
February 6, 2014

SNET’s Buyer Plans “Regional” HQ Here

Source: The Independent (New Haven, Connecticut)
February 5, 2013

Stamford-based Frontier makes move to aquire AT&T landline, UVerse service

Source:The Register (New Haven, Connecticut)
February 4, 2013

Frontier asks CT regulators to approve AT&T deal

Source: Business Journal (Hartford, Connecticut)
February 3, 2013

Frontier files papers to acquire AT&T Connecticut property

Source:Hearst Media Group
January 20, 2014

Frontier sees upside in CT’s competitive telecom market

Source: Business Journal (Hartford, Connecticut)
January 20, 2014

Largest Connecticut Mergers and Acquisitions

Source: Business Journal (Hartford, Connecticut)
December 26, 2013

Frontier exec: Local markets are priority

Source: Republican-American (Waterbury, Connecticut)
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