Frontier Buys AT&T Connecticut Network for $2B
DALLAS -- AT&T announced today that it has agreed to sell its incumbent local exchange operations in Connecticut to Connecticut-based Frontier Communications for $2.0 billion in cash. The transaction includes wireline network assets and consumer, business and wholesale customer relationships.
Frontier provides communications services to residential and business customers across 27 states today. With the transaction, Stamford-headquartered Frontier will now have operations to provide communications service to customers in the State of Connecticut. AT&T remains committed to having a significant presence in Connecticut, with employees, operations and investment to provide wireless service on the nation’s fastest and most reliable 4G LTE network, and networking, application solutions and professional services for Connecticut business customers.
“This is a good business decision for both companies, good for customers and good for Connecticut,” said Patricia Jacobs, President-AT&T New England. “We will continue to invest in Connecticut to serve our wireless and business customers, will maintain a significant employee presence here and will continue to be involved in the community. The fact that Frontier is headquartered in Connecticut will help ensure a smooth transition for customers and employees.”
AT&T Inc. (NYSE: T)