NORWALK, Conn.--(BUSINESS WIRE)-- Frontier Communications Corporation (NYSE:FTR, news, filings) a leading provider of communications services throughout 28 states, announced that the Public Utility Commission of Texas today voted to approve the transfer of Verizon Southwest's CLEC certificate to Frontier Communications. This is the only state regulatory approval needed in Texas regarding Frontier's proposed acquisition of Verizon's wireline networks in California, Florida and Texas and follows the Federal Communications Commission's recent approval of the transaction.
"We are pleased to receive this latest vote of approval," said Kathleen Abernathy, Executive Vice President, External Affairs for Frontier. "We anticipate that the transaction will close at the end of the first quarter of 2016 and we look forward to providing excellent products and services to customers inTexas, California and Florida. We continue to participate in the regulatory review process in California."
Frontier will offer California, Florida and Texas customers its full portfolio of products and services, including broadband services, wireline local and long distance phone service, video viewing options, and innovative products and services such as Frontier Secure. FiOS® customers in these markets will continue to receive the same products and services they have come to enjoy under the FiOS brand name. In addition, the company has committed to delivering broadband to an additional 750,000 households at speeds of 25Mbps/2-3Mbps across Frontier's 28-state footprint, including California, Florida and Texas, by the end of 2020.
About Frontier Communications
Frontier Communications Corporation (NASDAQ:FTR) offers broadband, voice, video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for residential customers, small businesses and home offices and advanced communications for medium and large businesses in 28 states. Frontier's approximately 18,200 employees are based entirely in the United States. More information is available atwww.frontier.com.
This document contains "forward-looking statements," related to future, not past, events. Forward-looking statements address our expected future business and financial performance and financial condition, and contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," or "target." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These risks and uncertainties include, but are not limited to: Frontier's ability to complete the acquisition of Verizon's California, Florida and Texas wireline operations, including the ability to complete the financing of the acquisition; the ability to successfully integrate the acquired operations into Frontier's existing operations; the sufficiency of the assets to be acquired from Verizon to enable the combined company to operate the acquired business; the ability to enter into or obtain, or delays in entering into or obtaining, certain agreements and consents necessary to operate the acquired business as planned; the ability to obtain, delays in obtaining or adverse conditions contained in any required regulatory approvals for the Verizon transaction; and the other factors that are described in our filings with the U.S. Securities and Exchange Commission, including our reports on Forms 10-K and 10-Q. These risks and uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update or revise these forward-looking statements.
Source: Frontier Communications Corporation
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