Frontier-VZ Deal Gets Closer

Washington Utilities and Transportation Commission approves Frontier Communications' acquisition of Verizon local wireline operations

April 19, 2010

1 Min Read

STAMFORD, Conn. -- Frontier Communications Corporation /quotes/comstock/13*!ftr/quotes/nls/ftr (FTR 7.77, +0.01, +0.13%) reported today that its pending acquisition of Verizon Communications' /quotes/comstock/13*!vz/quotes/nls/vz (VZ 29.56, -0.02, -0.08%) local wireline operations in the state of Washington has been unanimously approved by the Washington Utilities and Transportation Commission.

"Frontier looks forward to introducing its products and customer-first service to Washingtonians," said Dan McCarthy, Executive Vice President and Chief Operating Officer of Frontier. "We believe that access to broadband is connected to good jobs, education, health care, public safety and quality of life. We are committed to extending broadband reach and penetration, to offering value-added phone, video and Internet products and services, and to operating FiOS in 18 municipalities in the state." Approval to transfer control of local cable TV franchises to Frontier for the FiOS markets in Washington was received in January 2010, subject to meeting certain conditions of such approvals.

Frontier Communications Corp. (NYSE: FTR)

Verizon Communications Inc. (NYSE: VZ)

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