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FCC grants approval to Frontier for AT&T transaction

Rochester Business Journal
July 28, 2014

Frontier Communications Corp. has received approval from the Federal Communications Commission to acquire AT&T’s local wireline, broadband and video operations based in Connecticut.

The telecommunications company has also received approval from the Justice Department and awaits approval from the Connecticut Public Utilities Regulatory Authority, officials said. The transaction is expected to close in the fourth quarter.

“We are pleased that the FCC Chairman and Commissioners moved swiftly to support this acquisition, releasing an order well in advance of the FCC’s internal deadline for review of such transactions,” said Maggie Wilderotter, Frontier's chairman and CEO in a statement. “Soon Connecticut consumers and businesses will benefit from our full complement of products and services and experience firsthand our high-touch local engagement management model and our active involvement in the communities we serve.”

Connecticut customers can use Frontier’s products and services including long distance phone service and video viewing options.

The company employs 13,700 people nationwide with 1,400 people employed locally.

Shares of Frontier (NASDAQ: FTR) were trading midday at $5.95, up 8 cents from Friday’s close.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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