Date Posted
The Public Utilities Regulatory Authority (PURA) has approved Frontier Communications Corporation (FTR) and AT&T Inc.request for a change of control. Frontier will purchase AT&T's local exchange carrier wire line business and related fiber network in the State of Connecticut for $2 billion. This sale excludes AT&T Mobility, AT&T Corp. and Teleport Communications of America (TCA).
Frontier has promised the State of Connecticut to improve the broadband internet services to not increase residential rates for 3 years. The expected close date is October 24, 2014 and thousands of CWA Local 1298 members are ready for their transition to a their employer - Frontier Communications.
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