Deal snapshot: FRONTIER BUYS VERIZON'S CALIFORNIA, FLORIDA AND TEXAS WIRELINE BUSINESS.
MANews-(C)2009-2015
US-based telecommunications company Frontier Communications Corp. (NASDAQ: FTR) has inked a definitive agreement with Verizon Communications Inc. (NYSE: VZ) under which Frontier will acquire Verizon's wireline operations that provide services to residential, commercial and wholesale customers in California, Florida and Texas, for USD 10.54bn in cash, the company said. These Verizon properties include 3.7m voice connections, 2.2m broadband connections, and 1.2m FiOS video connections.
Country: USA
Sector: Telecommunications
Target: Verizon/California, Florida and Texas Wireline Business
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