Frontier To Buy AT&T Assets in Connecticut for $2 Billion
**Editor’s Note: Please click
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Frontier Communications has a deal in place to buy AT&T‘s wireline business and statewide fiber network that provides services to residential, business and wholesale customers in Connecticut.
Frontier will also get AT&T’s U-verse video and satellite TV customers in the Constitution State. The company is paying $2 billion in cash for the business and related assets. Frontier says Connecticut customers will have the same products and services that they currently enjoy, including the U-verse suite of products.
“We see an opportunity to enhance broadband capabilities in Connecticut,” Maggie Wilderotter, Frontier’s chairman and CEO.
AT&T on Monday closed on its sale and leasing of cell towers to Crown Castle for nearly $5 billion. Insiders believe that the transactions are freeing up cash for the telecommunications giant to pursue a purchase of Vodafone or another European telco.
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