In March 2017, Frontier Communications announced that it would be selling its wireline business to Verizon Communications for $3.9 billion.
The sale was completed on December 21, 2017. Verizon now owns 100% of Frontier. .
As part of the sale, Frontier agreed to keep its four current rural telephone lines in Montana, New Mexico, and Wyoming, and to continue to provide voice service to its rural customers. Frontier also agreed to sell its 12,000-mile fiber-optic network to Verizon.
Frontier has been an independent telecommunications company since its formation in 1984. The company was originally founded as a spinoff of AT&T.
Frontier has been profitable in every year since 2001.
The sale of Frontier to Verizon is a major victory for the telecommunications giant. Verizon has been looking for a way to enter the rural telephone market for quite some time.
The purchase of Frontier gives Verizon access to a large network, as well as the customer base. It is also likely that Verizon will use Frontier’s fiber-optic network to improve its own infrastructure.
While the sale of Frontier may be seen as a positive by some, it is likely to be met with some criticism. Many customers of Frontier are likely to feel that they were not given a fair chance to sell their businesses to another company.
Some have also questioned the motives behind the sale, as it comes shortly after the president-elect’s campaign promises to bring jobs back to the United States.
In the end, it is difficult to say whether or not the sale of Frontier to Verizon is a good or a bad thing. While the company will now be under the control of one of the largest telecommunications companies in the world, it will still be an independent company.
This means that it will be able to continue to offer its services independently, and will not be subject to the same pressures as Verizon.
