Frontier raises quarterly dividend; FairPoint deals with Internet outage

Wireline news from across the web:

> Frontier Communications will raise its quarterly dividend by 5 percent to 10 cents a share in 2015 with the first payment coming in late March. Story

> A widespread Internet outage affecting thousands of FairPoint customers across New Hampshire and Vermont was caused by a hardware issue during routine maintenance, the carrier said. Story

> CenturyLink's Gigabit service is now available to nearly 22,000 customers in the Seattle area, in addition to about 5,000 office buildings. Story

> Russian carrier ER-Telecom plans to acquire St. Petersburg-based operator Skynet, raising its market share to 34 percent in the city and becoming the largest ISP in St. Petersburg. Story

Cable News
> Hearst Corp. said it will pay $81.25 million to DreamWorks Animation to acquire a 25 percent stake in teen-targeted YouTube multichannel network AwesomenessTV. Article

Wireless News
> Vodafone can't seem to get enough of the U.S. market--the company is going to dive back into the market next year by becoming an MVNO of T-Mobile US (NYSE:TMUS). Article

And finally… Philippine service provider Globe Telecom plans to combine Vision Technologies Systems company VT iDirect's Evolution platform with its X3 remote to offer corporate clients robust, flexible and high speed connectivity to meet critical business needs and allow them to widen their reach in the Philippines. Story

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