Verizon Communications has confirmed plans to sell part of its wireline telephone and internet business to Frontier Communications for $10 billion. The deal covers Verizon’s consumer and business assets in California, Florida, and Texas. Frontier will pay $9.9 billion in cash and assume another $600 million in debt. The deal is the largest ever for […]
T-Mobile has its eye on the 700MHz spectrum owned by Frontier Communications and a person named Thomas Kurian. The Frontier spectrum in question covers 1.51 million POPs around Rochester, N.Y., and the deal with Kurian covers around 620,000 POPs in Grand Forks and Fargo-Moorhead in North Dakota and Minnesota. Financial terms of the transactions weren’t […]
The Federal Communications Commission on Friday, May 21 approved the proposed acquisition of Verizon Communications’ local wireline operations in 14 states by Frontier Communications Corp. The U.S. Department of Justice, the Federal Trade Commission and all states requiring regulatory review previously cleared the transaction. Verizon announced the divestiture of its residential and small-business access lines […]
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