The FCC’s International, Wireless and Wireline...
The FCC’s International, Wireless and Wireline bureaus jointly Friday approved Frontier Communications’ bid to buy AT&T’s wireline, broadband and video assets in Connecticut (http://bit.ly/1t5sYPb). Frontier said it has also received approval from the Department of Justice and is awaiting approval…
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from the Connecticut Public Utilities Regulatory Authority. Pending that approval, Frontier said,it will close the deal in Q4. Frontier will pay $2 billion for AT&T’s wireline business, its statewide fiber network, its U-verse video business in the state and some satellite-TV customers. The deal was originally announced in December (CD Dec 18 p9). Frontier has said it plans to expand 10 Mbps broadband service to an additional 100,000 homes AT&T’s network currently doesn’t serve at that speed and has “committed to improving wireline service in the state,” the FCC said. Frontier has addressed concerns from the Communications Workers of America, committing to guaranteeing all existing jobs connected with the AT&T services included in the deal and pledging it will add 85 CWA-represented jobs in the state, the FCC said.