Frontier Communications will have to invest at least $150 million over the next three years to increase broadband speeds in West Virginia as part of a settlement to lawsuit filed in 2014 by the state's Attorney General Patrick Morrissey.
Frontier has gotten approval from the California Public Utilities Commission, clearing the final obstacle to complete its acquisition of Verizon's wireline assets in the state. The CPUC joins public utilities commissions in Florida and Texas in approving the deal.
AT&T, CenturyLink, Frontier and a number of other telcos have accepted a total of $1.5 billion in grants to expand 10/1 Mbps broadband services to hard to reach rural areas. FierceInstaller looks at the potential impact the CAF-II program will have on installers.
When Frontier completes its acquisition of Verizon's wireline assets in California, Florida and Texas, a key indicator of early success for customers will center on two issues: minimizing network service disruptions and consistent pricing.
As Frontier Communications nears the completion of its acquisition of Verizon's wireline properties in California, Florida and Texas, the service provider has pledged to keep pricing consistent with what customers in those markets are currently paying.
Verizon's chief says that despite emerging rumors about the company's future, the telco has no intention of divesting any more of its wireline assets.
Verizon may have a strong set of wireline and wireless assets, but the telco does not see itself following its European service provider counterparts in offering a quad-play service bundle for its consumers.
Verizon's recent decision to turn down the $144 million of the second phase of the FCC's Connect America Fund (CAF-II) comes at a time when new rumors have emerged that it could hang up more of its wireline assets. So who would be the potential bidders for Verizon's wireline assets?
Verizon is not accepting funding of $144 million total per year for six years to expand broadband in the rural areas it serves from the second phase of the FCC's Connect America Fund (CAF-II), fueling new rumors that it's considering a sale of another large piece of its wireline asset portfolio.
Frontier Communications will soon debut a new 100 Mbps service tier in the Connecticut markets the company acquired from AT&T. During the company's earnings call earlier this month CEO Daniel McCarthy confirmed those plans but did not reveal any pricing details for the new service.