Showing posts with label Frontier. Show all posts
Showing posts with label Frontier. Show all posts

Sunday, May 2, 2021

Frontier emerges from Chapter 11 and sets sights on fiber expansion

Frontier Communications completed its financial restructuring process and emerged from Chapter 11. 

Through the bankruptcy proceedings, Frontier has reduced its debt by approximately $11 billion and annual interest expense by approximately $1 billion. The company says it is now well-positioned to accelerate its transformation to become a leading telecommunications technology company in the United States through investment in innovation, fiber infrastructure expansion and operational enhancements.

“Today Frontier takes a critical step forward in its multi-year strategic transformation, emerging as a stronger company poised to lead in its mission of Building Gigabit America,” said Nick Jeffery, President and Chief Executive Officer. “With a healthier financial position, we now have the right foundation to reinvent Frontier by accelerating investment in our fiber upgrades and delivering innovative solutions for our customers. Together, our team will accelerate our momentum and unlock Frontier’s full potential. I am honored to have the opportunity to lead the Company as we enter this new chapter.”

Frontier has embarked on a full operational review of its business that will consider every aspect of Frontier’s operations, including its approach to building its fiber network, customer engagement, digital strategy, costs, and organizational structure and culture. This review, which Frontier expects to complete by August, will build on the company’s initial fiber expansion plan that was launched during the financial restructuring.


Mr. Jeffery stated, “Our initial fiber expansion plan is a bold and ambitious undertaking that supports Frontier’s customer-centric strategy to become a fiber-rich provider with enhanced competitive positioning in markets with attractive returns. Through this plan, we will continue to deliver on our commitments to achieve improvements to our net promoter score, churn reduction, and wider customer and employee satisfaction. Our entire organization is energized and focused on the successful execution of our plan that will support Frontier’s mission well into the future.”


As part of the initial fiber expansion plan, Frontier is deploying capital and pursuing an extensive fiber build-out plan that will accelerate the Company’s transformation from a legacy provider of copper-based services to a fiber-based provider. This plan builds on Frontier’s successful Fiber-to-the-Home pilot program, using the planning, engineering, construction, and marketing knowledge gained from the pilot. Under the first phase of the plan, Frontier intends to invest heavily and pass more than 3 million homes and business locations, enabling a total of over 6 million homes and businesses with Gig-plus speeds.

Frontier is planning to pass approximately 495,000 additional locations in 2021.

Thursday, April 15, 2021

Frontier gains regulatory approvals to exit Chapter 11

The California Public Utilities Commission unanimously voted to approve Frontier Communications' emergence from Chapter 11. 

Frontier said it has now received all required state and federal approvals for it to emerge from Chapter 11. 

Frontier advances its Chapter 11 case

Frontier Communicationssecured approval from the FCC for its Chapter 11 restructuring. Frontier now has regulatory approvals, or favorable determinations, for its required change-in-control applications related to its court-supervised restructuring from the FCC and 13 states: Arizona, Georgia, Illinois, Minnesota, Mississippi, Nebraska, Nevada, New York, Ohio, South Carolina, Texas, Utah and Virginia.

Frontier expects to promptly consummate the transactions contemplated under its previously confirmed Plan of Reorganization and emerge from Chapter 11 in early 2021. Upon emergence, Frontier will have reduced its total outstanding indebtedness by more than $10 billion and will move forward with enhanced financial flexibility to support continued investment in an improved customer experience and long-term growth.


“We continue to make important progress in our constructive engagement with regulators across our service territories, and this approval from the FCC marks a major milestone,” said Bernie Han, President and Chief Executive Officer. “We continue to await approval in just four states and are working to expedite those approvals to enable the Company to emerge from Chapter 11. Our team remains focused on our transformative strategy to strengthen our financial foundation, improve our operations and enhance our customer experience throughout the U.S.”

Jonathan Spalter, President and CEO of USTelecom said, “We are pleased by the FCC’s affirmative decision for Frontier. More than ever, Frontier serves a vital function in providing essential telecommunications services. This decision is a major step toward successfully completing the Company’s restructuring, enabling it to move forward in delivering services to its customers and creating benefits for communities across the U.S.”


Frontier picks Nick Jeffery as new CEO

Frontier Communications named Nick Jeffery as the Company’s next President and Chief Executive Officer, effective March 1, 2021, following the expiration of his notice period with Vodafone UK. Jeffery will succeed Bernie Han, who will step down as President and Chief Executive Officer on March 1, 2021. Mr. Han will remain on the Company’s Board of Directors (the “Board”) and guide the CEO transition until emergence from Chapter 11, at which point Mr. Jeffery will join the Board.

Jeffery was appointed CEO of Vodafone UK in September 2016 and has held numerous positions at Vodafone Group, the world’s second largest international cellular operator, the largest home broadband operator in Europe and the second largest TV distributor in Europe, since joining the company in 2004. Notably, Mr. Jeffery served on Vodafone Group’s Executive Committee since 2013, as CEO of Vodafone Group Enterprise from 2013 to 2016 and as CEO of Vodafone Group’s acquired Cable & Wireless Worldwide operations from 2012 to 2013.


Monday, January 18, 2021

Frontier advances its Chapter 11 case

Frontier Communicationssecured approval from the FCC for its Chapter 11 restructuring. Frontier now has regulatory approvals, or favorable determinations, for its required change-in-control applications related to its court-supervised restructuring from the FCC and 13 states: Arizona, Georgia, Illinois, Minnesota, Mississippi, Nebraska, Nevada, New York, Ohio, South Carolina, Texas, Utah and Virginia.

Frontier expects to promptly consummate the transactions contemplated under its previously confirmed Plan of Reorganization and emerge from Chapter 11 in early 2021. Upon emergence, Frontier will have reduced its total outstanding indebtedness by more than $10 billion and will move forward with enhanced financial flexibility to support continued investment in an improved customer experience and long-term growth.


“We continue to make important progress in our constructive engagement with regulators across our service territories, and this approval from the FCC marks a major milestone,” said Bernie Han, President and Chief Executive Officer. “We continue to await approval in just four states and are working to expedite those approvals to enable the Company to emerge from Chapter 11. Our team remains focused on our transformative strategy to strengthen our financial foundation, improve our operations and enhance our customer experience throughout the U.S.”

Jonathan Spalter, President and CEO of USTelecom said, “We are pleased by the FCC’s affirmative decision for Frontier. More than ever, Frontier serves a vital function in providing essential telecommunications services. This decision is a major step toward successfully completing the Company’s restructuring, enabling it to move forward in delivering services to its customers and creating benefits for communities across the U.S.”


Frontier picks Nick Jeffery as new CEO

Frontier Communications named Nick Jeffery as the Company’s next President and Chief Executive Officer, effective March 1, 2021, following the expiration of his notice period with Vodafone UK. Jeffery will succeed Bernie Han, who will step down as President and Chief Executive Officer on March 1, 2021. Mr. Han will remain on the Company’s Board of Directors (the “Board”) and guide the CEO transition until emergence from Chapter 11, at which point Mr. Jeffery will join the Board.

Jeffery was appointed CEO of Vodafone UK in September 2016 and has held numerous positions at Vodafone Group, the world’s second largest international cellular operator, the largest home broadband operator in Europe and the second largest TV distributor in Europe, since joining the company in 2004. Notably, Mr. Jeffery served on Vodafone Group’s Executive Committee since 2013, as CEO of Vodafone Group Enterprise from 2013 to 2016 and as CEO of Vodafone Group’s acquired Cable & Wireless Worldwide operations from 2012 to 2013.

Tuesday, December 15, 2020

Frontier picks Nick Jeffery as new CEO

Frontier Communications named Nick Jeffery as the Company’s next President and Chief Executive Officer, effective March 1, 2021, following the expiration of his notice period with Vodafone UK. Jeffery will succeed Bernie Han, who will step down as President and Chief Executive Officer on March 1, 2021. Mr. Han will remain on the Company’s Board of Directors (the “Board”) and guide the CEO transition until emergence from Chapter 11, at which point Mr. Jeffery will join the Board.

Jeffery was appointed CEO of Vodafone UK in September 2016 and has held numerous positions at Vodafone Group, the world’s second largest international cellular operator, the largest home broadband operator in Europe and the second largest TV distributor in Europe, since joining the company in 2004. Notably, Mr. Jeffery served on Vodafone Group’s Executive Committee since 2013, as CEO of Vodafone Group Enterprise from 2013 to 2016 and as CEO of Vodafone Group’s acquired Cable & Wireless Worldwide operations from 2012 to 2013.


Monday, March 16, 2020

Frontier Communications misses interest payment

Frontier Communications will not make an interest payments due on March 16, 2020 on certain of its senior unsecured notes and enter a 60-day grace period.

The company issued the following statement: "We remain actively engaged in constructive discussions with our bondholders as the Company continues to evaluate its capital structure with an eye to reducing debt and interest expense. As part of this process, Frontier has made the decision to take advantage of the 60-day grace period allowed under the indenture to facilitate ongoing discussions as we work to reach a comprehensive resolution. Importantly, we continue to provide quality service to our customers without interruption and work with our business partners as usual."

Tuesday, February 4, 2020

Frontier appoints Mike Shippey as SVP, Wholesale Services

Frontier Communications appointed Mike Shippey as its new Senior Vice President, Wholesale Services, where he will lead Frontier’s Carrier and Wholesale business, including oversight for sales and marketing, innovation in new solutions and the customer experience. Previously, he served as President of Wholesale Services at Windstream Holdings. Mr. Shippey will be based in Dallas, and reports to John Maduri, Executive Vice President and Chief Customer Officer.

Bernie Han, President and CEO, commented, “Recruiting top management talent is critical to implementing our vision and executing our strategy. This means identifying and attracting leaders with track records of delivering results in areas important to our business. We will continue to appoint leaders known for delivering performance, and Mike is a perfect example of our commitment to doing so. With Mike’s expertise, we will focus on and invest in our customers for the long term, while demanding discipline, performance and accountability across the Company.”

Tuesday, December 3, 2019

Frontier appoints Bernie Han as CEO

Frontier Communications appointed Bernie Han as President and CEO and a member of the Board, effective repacing Daniel McCarthy, who is stepping down as President and CEC and from his position on the Board.

Han previously served as CFO, COO and as Executive Vice President, Strategic Planning at DISH Network. He previously worked as Chief Financial Officer at Northwest Airlines, and Chief Financial Officer and Chief Marketing Officer at America West Airlines. He received his Master of Business Administration, Master of Electrical Engineering and Bachelor of Science degrees from Cornell University. Mr. Han currently serves on the Board of Directors of Frontier Airlines.

Mr. Han stated, “Frontier has a strong core business that maintains the trust of millions of customers across the country, and I am honored to take on the role of CEO at a time where we have both challenges to overcome and substantial opportunities ahead. I look forward to working with the Board of Directors and leadership team as we continue to execute on our initiatives to drive operational performance, invest in our business and become a stronger partner to our residential and enterprise customers.”

Mr. McCarthy stated, “It has been an incredible experience leading Frontier over the last four years, and I leave knowing the Company is in great hands with Bernie at the helm of this skilled and dedicated organization. I remain a firm believer in Frontier’s future. I look forward to cheering the team on, and I want to thank everyone I have had the pleasure to work with and learn from during my time with Frontier.”

Sunday, November 3, 2019

Frontier intros managed SD-WAN

Frontier Communications introduced an end-to-end SD-WAN solution offering WAN-wide visibility, agility, control and AWS Cloud integration.

Frontier said its new SD-WAN Managed Private Network (SD-WAN EVPL) simplifies network management operations, delivers enhanced service-levels (SLA) and offers a compelling alternative for enterprise customers looking to transition from complex, costly and static MPLS networks.

“The network is the most critical element in any organization’s digital transformation, and we have listened to our enterprise customers, understanding the challenges they face transforming networks to meet today’s needs,” said Boris Kluck, Frontier Senior Vice President Enterprise. “Frontier Managed SD-WAN is a network management solution that meets the challenge, addressing advanced routing and flexible deployment scenarios while delivering agility, visibility and security at lower cost than traditional networking.”

Frontier’s new Managed SD-WAN features dynamic routing capability, Application Aware Routing (AAR) with 2000+ application signatures, and direct and secure access to the cloud as well as Frontier hardware redundancy to ensure network uptime and reliability.

“As MEF recognized experts, Frontier understands implementing an SD-WAN solution is a complex business transformation project. We employ the world’s second-highest number of active MEF-certified professionals and our customer-focused service includes dedicated project managers and solution engineering teams,” said Scott Irwin, Frontier’s Senior Director of Product Management. “In addition to providing a robust network and 365/24/7 technical support, Frontier’s team is here to help design and deliver a network management the solution that meets the customers’ business needs while reducing implementation risk and speeding procurement.”

Tuesday, October 9, 2018

Frontier launches Gigabit Service in its FiOS territories

Frontier Communications is introducing a new Gigabit service in its FiOS and Vantage Fiber markets, offering its fastest residential broadband service while also increasing its new consumer broadband offer to 200/200 Mbps, and adding higher speed tiers previously not offered in Indiana, Oregon and Washington (300/300 Mbps).

Pricing will be the same with or without a contract.

“Frontier is pleased to now offer a 200/200 Mbps service, the fastest, most efficient introductory broadband service available in our markets, plus eye-popping speed and capacity with our FiOS Gigabit for the home,” said John Maduri, Frontier’s Executive Vice President and Chief Customer Officer.

“Speed and reliability are hallmarks of FiOS Fiber broadband service,” Maduri added. “Two-way speeds over our all-fiber network make Internet tasks faster and more efficient, regardless of the time of day, while also enabling the many connected devices and streaming services in the home to work simultaneously and smoothly.”

Frontier’s 100 percent, all-fiber FiOS network is available to approximately 1.4 million households in the Tampa Bay region in six-counties along the central west coast of Florida. Frontier continues to invest in its fiber network, expanding its availability to nearly 13,000 single family homes, multi-family units and business addresses in 2017 alone. Overall Frontier’s Florida service territory covers nearly 5,000 square miles.

FiOS by Frontier is also offered throughout major urban areas in Southern California; in numerous communities in the Dallas, Texas area; and in parts of Indiana, Oregon and Washington. Vantage Fiber is offered in parts of Connecticut, North Carolina and Minnesota. Availability may be limited in some markets.

Thursday, June 21, 2018

Frontier loses its CFO

Frontier Communications announced that R. Perley McBride, its Executive Vice President and Chief Financial Officer, will be resigning from the company for personal reasons. A search for his successor is underway.

Frontier’s President and Chief Executive Officer Daniel J. McCarthy stated, “We announce Perley’s resignation with regret. He has been a major contributor to our company during pivotal times. In particular, Perley has done a tremendous job managing our balance sheet. He has negotiated improvements in the terms of our credit agreements, raised $1.6 billion of new second lien debt, and retired approximately $1.7 billion of unsecured notes. These steps, together with the stabilization in our business as reflected in our most recent quarterly results, have placed Frontier on a positive path forward. On behalf of everyone at Frontier, I wish Perley and his family the best in the future.”

Tuesday, June 5, 2018

Frontier picks Nokia XGS-PON to deliver 10G business and residential services

Frontier Communications will deploy Nokia's XGS-PON technology to deliver faster broadband speeds to business and residential customers. The phased roll out of the new enhanced services will initially focus on the greater Dallas/Fort Worth areas of Texas before expanding to the rest of the state along with Florida and California. 

Specifically, Frontier is extending its Nokia 7360 deployment with next-generation PON line cards. These allow Frontier to deploy XGS-PON or TWDM-PON on the same card with a pluggable optic swap.

Nokia's Next generation PON supports both traditional and SDAN (Software Defined Access Network) approach. The temperature-hardened 7360 supports 100G network uplinks/rings in CO and many cabinet based deployment options.

Steve Gable, CTO and EVP at Frontier Communications, said: "We are excited to be working with Nokia on solutions that bring multi-Gigabit services to the home and quickly scale to 10 Gigabits and beyond. Nokia's platform will enable us to effectively support xDSL, P2P fiber, GPON and 10Gbps PON requirements and gain the flexibility to seamlessly evolve into future PON technologies. Nokia's solutions will enhance the customer experience by offering a Frontier fiber-powered internet that is as fast as it is reliable."

Monday, December 18, 2017

Frontier says rural broadband deployment ahead of schedule

Frontier Communications reports that it is ahead of schedule in deploying rural broadband, exceeding 2017 milestone requirements of the Connect America Fund program (CAF) in eight additional states.

The carrier is now ahead of schedule in Florida, Idaho, Illinois, Indiana, Michigan, Tennessee, Texas, and Wisconsin. This is in addition to Arizona, Connecticut, Georgia, Montana, New York, North Carolina, Pennsylvania, Washington and West Virginia as having reached the 40 percent milestone.

Nationally, Frontier now provides broadband to over approximately 331,000 and small businesses in its CAF-eligible areas and has improved speeds to over approximately 875,000 additional homes and businesses.

“We are piling up broadband milestones as we make a strong broadband deployment push to close out 2017," said Mark D. Nielsen, Frontier Executive Vice President and Chief Legal Officer. "The combination of CAF and Frontier's investments have enabled new broadband connections that are vital to closing the digital divide. Every day we see our customers benefiting from the significant economic and educational benefits of broadband connectivity."

Tuesday, October 31, 2017

Frontier sees stabilization in Q3 as it trims losses

Frontier Communications reported Q3 revenue of $2.25 billion, down from $2.30 billion in the preceding quarter. Net loss for the quarter was $38 million.

“Our third quarter results highlight the ongoing stabilization across our business as we focus on executing our strategy,” said Dan McCarthy, President and CEO. “During the quarter, we were pleased with the continued improvement in subscriber trends and churn in our California, Texas and Florida (CTF) markets, ongoing stabilization in our commercial business, and continued operating efficiencies.

Some highlights:


  • Consumer revenue was $1.1 billion, a sequential decline of $22 million versus the $40 million sequential decline in the second quarter.
  • Customer churn improved to 2.08% (1.92% for Frontier Legacy and 2.33% for CTF operations) compared to 2.24% for the second quarter of 2017 (1.95% for Frontier Legacy and 2.69% for CTF operations), with CTF FiOS being the primary driver of the overall improvement. 
  • Combined Average Revenue Per Customer (ARPC) of $80.91 ($63.99 for Frontier Legacy and $107.33 for CTF operations). Excluding the positive one-time impact of the Mayweather vs. McGregor fight in the quarter, each of these measures of ARPC was stable sequentially.
  • The hurricanes in Texas and Florida led to $12 million in losses, including operating expenses of $9 million and capital expenditures of $3 million.
  • CAPEX for Q3 was $268 million, up from $263 million in Q2.

Sunday, September 24, 2017

Frontier says its FiOS buried fiber proved more reliable in hurricane

Frontier Communications claims that its FiOS All-Fiber Network in Florida proved to be more reliable than competing services during Hurricane Irma.

“The resiliency of Frontier’s buried all-fiber network was a significant differentiator in the market,” said Melanie Williams, Frontier’s Senior Vice President for Operations in Florida. “Where power was available, the services of the majority of Frontier’s FiOS-based customers remained operational despite Irma’s impact. Frontier customers who lost power saw their FiOS services automatically restored once electricity was available.”

Frontier’s central office and remote office facilities remained online throughout the storm, either because electricity was available or generator power kicked in, added Williams.

Frontier's serve has returned to near normal levels in the company’s six-county Florida service area (Hillsborough, Pinellas, Pasco, Polk, Manatee and Sarasota). Once the storm had passed, Frontier had 630 service technicians in the field restoring damaged facilities.

The company listed its storm preparations:

  • activation of Frontier’s Emergency Response Center
  • equipping fleet vehicles with extra fuel, fluids and lighting
  • double-checking all safety equipment, ensuring all back-up power supplies and generators are fully operational
  • ensuring supplies were available for plant and network restoration
  • and placing emergency network supplies throughout company facilities.

Wednesday, August 30, 2017

Frontier counts damage in south Texas

As of midday Wednesday, Frontier Communications, which serves approximately 200,000 access lines in the South Texas area, said that about 100 central offices across the territory either lack commercial power or are operating on battery and generator backup.

Frontier's operations teams are continuing to repair and assess damages to the company's network in severely affected areas and are working to identify and repair damages to poles, pedestals and cables.

http://www.frontier.com

Tuesday, July 25, 2017

Frontier extends broadband to 238,000 premises

Frontier Communications, serving customers across 29 U.S. states, announced that it has reached a milestone as part of the FCC Connect America Fund program (CAF) ahead of schedule.

Frontier noted that the FCC CAF program requires companies that have accepted funding to deploy broadband to 40% of the eligible locations by the end of 2017. Under the program, as of the end of June Frontier had reached the 40% target in nine states, namely Arizona, Connecticut, Georgia, Montana, New York, North Carolina, Pennsylvania, Washington and West Virginia.

Nationwide, Frontier stated that it is currently delivering broadband service to approximately 238,000 households and small businesses in its CAF-eligible areas, and has improved connection speeds to approximately 746,000 additional locations. The broadband expansion involved a combination of Frontier capital investment and resources the FCC has made available through the CAF program.

Frontier is marketing broadband offerings to households with newly provided or improved broadband speeds. Frontier offers speeds of up to 115 Mbit/s, depending on the distance from its nearest facilities, with many newly connected locations able to receive speeds of at least 25 Mbit/s.

Through its involvement in the FCC CAF program, Frontier will use $332 million in annual funding to extend broadband with a speed of at least 10 Mbit/s to 774,000 households and businesses over the lifetime of the program.


* In June, Frontier announced it was providing broadband service to previously unserved residents in 25 counties in Ohio and West Virginia. In Ohio, the company extended service to 12,600 CAF-eligible households and improve speeds to a further 33,600 households. In West Virginia, it delivered broadband to approximately 16,900 eligible households and improved speeds to an additional 117,000 households.

Monday, August 1, 2016

Frontier Posts Q2 Revenue of $2.68 Billion

Frontier Communications reported Q2 revenue of $2,608 million, including contributions from the fully integrated assets Frontier acquired from Verizon in California, Texas, and Florida (CTF).

“We are very pleased with the performance of our newly acquired assets and our achievement of annualized cost synergies of $1 billion in the second quarter. We now expect annual cost synergies related to the acquisition of $1.25 billion, up from our original estimate of $700 million,” said Dan McCarthy, Frontier President and Chief Executive Officer.

“As we move forward, we are continuing to focus on executing our strategy for growth, including upgrading our broadband speed capabilities, expanding our new Vantage video service to an increasing portion of our footprint, and implementing our successful commercial distribution capabilities in Frontier’s new markets. We will remain focused on increasing our broadband and video penetration, and improving our efficiency. Our priorities continue to be driving strong free cash flow and continuing our disciplined capital allocation policy, which together underpin our very attractive, sustainable dividend, and industry-leading dividend payout ratio. We also are very well-positioned to achieve our plan to reduce leverage over time,” McCarthy said.

Financial Highlights for the Second Quarter 2016:

  • Revenue of $2,608 million
  • Operating income of $311 million, operating income margin of 11.9%
  • Net loss of $80 million, or ($0.07) per share
  • Adjusted EBITDA(2) of $1,032 million, adjusted EBITDA margin of 39.6%
  • Net cash provided from operating activities of $693 million
  • Adjusted Free Cash Flow(3) of $250 million

https://frontier.com/

Friday, April 1, 2016

Verizon Completes $10.5 Billion Transaction with Frontier

Verizon completed its previously disclosed sale of landline assets in California, Florida and Texas to Frontier Communications.  The deal was valued at approximately $10.5 billion (approximately $7.5 billion net of income taxes), subject to certain adjustments and including Frontier’s assumption of $0.6 billion in debt.

Frontier Communications now owns and operates these landline businesses, which include broadband, video, voice and Fios operations in the three states. The sale does not include the services, offerings or assets of other Verizon businesses, such as Verizon Wireless and Verizon Enterprise Solutions. Approximately 9,400 Verizon employees in California, Florida and Texas were transferred to Frontier.

Verizon said the sale concentrates its remaining landline operations in contiguous northeast markets – which will enhance the efficiency of the company’s marketing, sales and service operations across its remaining landline footprint.

http://www.verizon.com
  • The deal was first announced in February 2015. At the time, the companies said the transaction involved 3.7 million voice connections, 2.2 million broadband connections, and 1.2 million FiOS video connections. The network being acquired was the result of substantial capital investments by Verizon and was 54 percent FiOS enabled. Verizon spent more than $7 billion in the buildout of FiOS in the acquired territories.
  • In October 2014, Frontier Communications completed its previously announced $2 billion acquisition of AT&T’s wireline business, statewide fiber network, and U-verse operations in Connecticut. As part of the acquisition, Frontier also acquired AT&T’s DISH satellite TV customers in Connecticut. 
  • In 2010, Verizon divested its local wireline operations serving residential and small-business customers in predominantly rural areas in 14 states by selling these operations to Frontier Communications. The deal included all of Verizon's local wireline operating territories in Arizona, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina, Ohio, Oregon, South Carolina, Washington, West Virginia and Wisconsin. Also included were fiber-to-the-premises assets deployed by Verizon in 41 local franchises in Indiana.

Saturday, March 5, 2016

Frontier Launches Ethernet Private Line Service

Frontier Communications has added Ethernet Private Line (EPL) to its E-Line Ethernet Solutions portfolio.

EPL joins Frontier’s local IntraLATA EVPL offering and will be available in Frontier’s service areas with the same bandwidth profiles and at the same rates.

EPL has also been rolled into the Carrier InterLATA EPATH offering, previously launched in October 2015 as a service multiplexed, vlan aware only offering, in Frontier’s Idaho, Indiana, Illinois, Iowa, Michigan, Minnesota, New York, Ohio, Pennsylvania, Tennessee, West Virginia and Wisconsin markets. Frontier’s current traffic prioritization classes and associated Silver, Gold and Platinum Service Level Agreements will accompany this enhancement.

http://www.frontier.com

Thursday, December 3, 2015

Frontier Gains Approval to Acquire Verizon's California Properties

The California Public Utilities Commission voted to approve Frontier’s proposed acquisition of Verizon's wireline, broadband and video operation in California, including the FiOS network.

Frontier has received all other necessary regulatory clearances, including those from the Federal Communications Commission, the U.S. Department of Justice and the Public Utility Commission of Texas, for the $10.54 billion acquisition, which includes Verizon’s wireline, broadband and video operations and FiOS networks in California, Florida and Texas. The transaction is expected to close at the end of March 2016.

Daniel J. McCarthy, President and CEO of Frontier Communications said, “With this final approval, we look forward to completing our transaction with Verizon which represents a significant transformation for Frontier. We will transition our revenue to a more diversified mix, improve our growth prospects, create sustainable value for our shareholders and provide a great experience for our new Frontier customers in California, Florida and Texas.”

http://www.meetfrontier.com

Frontier to Acquire Verizon Wireline in CA, FL, TX

Frontier Communications agreed to acquire Verizon's wireline operations that provide services to residential, commercial and wholesale customers in California, Florida and Texas, for $10.54 billion in cash. The deal requires regulatory approvals.

These Verizon properties include 3.7 million voice connections, 2.2 million broadband connections, and 1.2 million FiOS video connections. The network being acquired is the product of substantial capital investments by Verizon and is 54 percent FiOS enabled. Verizon spent more than $7 billion in the buildout of FiOS in the acquired territories.

"This transaction marks a natural evolution for our company and leverages our proven skills and established track record from previous integrations," said Maggie Wilderotter, Frontier Communications Chairman and Chief Executive Officer. "These properties are a great fit for Frontier and will strengthen our presence in competitive suburban markets and accelerate our recent market share gains. We look forward to realizing the benefits this transaction will bring to our shareholders, customers and employees."


  • In October 2014, Frontier Communications completed its previously announced $2 billion acquisition of AT&T’s wireline business, statewide fiber network, and U-verse operations in Connecticut. As part of the acquisition, Frontier also acquired AT&T’s DISH satellite TV customers in Connecticut.
  • In 2010, Verizon divested its local wireline operations serving residential and small-business customers in predominantly rural areas in 14 states by selling these operations to Frontier Communications. The deal included switched and special access lines, as well as its Internet service and long-distance voice accounts. The deal include all of Verizon's local wireline operating territories in Arizona, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina, Ohio, Oregon, South Carolina, Washington, West Virginia and Wisconsin. Also included were fiber-to-the-premises (FTTP) assets deployed by Verizon in 41 local franchises and the state of Indiana.