Smart home automation systems may still be a nascent market segment, but according to ABI Research, it is going to grow at a compound annual growth rate of 21 percent between 2015 and 2020.
CenturyLink, Frontier Communications and a number of other Tier 2 telcos that have struggled to bring broadband services to hard-to-reach rural areas will now have another aide with the second phase of the FCC's Connect America Fund (CAF-II), which is offering service providers about $1.7 billion in funding.
Frontier Communications has named Becky B. Potts as its new president for the telco's national region, overseeing operations in multiple states in the Midwest, Southeast and Western states.
Frontier Communications is making another move to sweeten its existing FiOS fiber-to-the-home (FTTH) broadband offering by serving up symmetrical speeds for all of its existing speed tiers in Washington state.
Frontier Communications' security subsidiary Frontier Secure is broadening its addressable customer base by establishing a partnership with DistiNow that will distribute its security product through Ingram Micro's U.S.-based network of channel partners.
CenturyLink said it has no near-term plans to sell off or trade any of its existing assets.
Frontier Communications' Frontier Secure unit is taking advantage of the 2015 tax season to appeal to consumers with its new Identity Security Bundle, which is designed to help fight identity theft and online fraud.
Frontier Communications officially emerged as the suitor for the $10.5 billion in wireline assets that Verizon wants to offload, signifying its ongoing effort to scale its reach in new markets and deepen its presence in others it already serves. But it remains to be seen how Frontier integrates these new assets.
Verizon is close to reaching a deal to sell off wireline assets that are worth $10 billion to Frontier Communications, reports Reuters, citing a person familiar with the talks.
AT&T is continuing its wireline asset sale roll with plans to sell some of its data centers in a deal that could fetch $2 billion, reports Reuters, citing people close to the talks.