(credit: Verizon)
Verizon is set to complete a sale of its wireline phone, Internet, and TV networks in California, Florida, and Texas to Frontier Communications. The $10.54 billion transaction, announced in February 2015, has received all the necessary regulatory approvals and is scheduled to be finalized March 31.
“We’re buying those assets, we’re bringing them in and actually cutting them into our network so they’ll be ready to go day one, April 1," Frontier VP Chris Gellos said in an interview with Channel Partners last week. Frontier has about 2.4 million Internet customers today, and it will get another 2.2 million or so with the purchase from Verizon.
When it approved the sale last September, the Federal Communications Commission concluded that "Frontier is more likely to accelerate broadband service in the transaction market areas than Verizon would be absent the transaction." The FCC approval said that Frontier plans to "expand fiber-based infrastructure within its network, upgrade network hardware, expand transport capacity in its middle mile and data backbone network in order to expand broadband, increase speeds available to customers, and improve the network for voice services."
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