Frontier-Verizon sale finalized with CA regulators? approval
The California Public Utilities Commission (CA PUC)approved Frontier Communication’s acquisition of Verizon’s wireline assets in the state, completing a transfer of assets that spanned three states: Florida, Texas, and California. CA PUC’s approval was the sale’s final regulatory step: the Federal Communications Commission (FCC), the Department of Justice, and the Texas PUCalready approved the $10.5 billion acquisition.
Frontier recently accepted $283.4 million in FCC Connect America funding, which will help the carrier expand broadband service to more than 1.3 million rural customers across 28 states. Verizon was the only major telecommunications company to not accept the money, walking away from more than $565 million in Federal broadband funding.
Frontier also reached agreements with the Communications Workers of America Districts 9 and 6 earlier this year. Frontier agreed to extend current collective bargaining agreements, add more than 200 new union jobs in California, Texas, and Missouri, and committed to employ a 100% US-based workforce.
Frontier Communications Receives Final Regulatory Approval in California to Acquire Verizon Operations (Frontier Communications, Dec. 3, 2015)
FCC approves Frontier acquisition of Verizon wireline assets in California, Florida, and Texas (Speed Matters, Sept. 4, 2015)
Frontier accepts $283 million in Connect America funding (Speed Matters, June 19, 2015)
CWA, Frontier Communications reach agreement (Speed Matters, Aug. 2, 2015)
CWA launches new and expanded apprenticeship and training initiatives, millions in investments to grow and diversify workforce ahead of nationwide broadband expansion