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Frontier Communications Corp to acquire AT&T Inc's wireline residential and business services and associated assets in connecticut


Tuesday, 17 Dec 2013 07:00am EST 

Frontier Communications Corp:Says has entered into a definitive agreement with AT&T Inc to acquire AT&T's wireline business and statewide fiber network that provides services to residential, commercial and wholesale customers in Connecticut.Says as part of the transaction, Frontier will also acquire AT&T's U-verse video and satellite TV customers in Connecticut.Says Frontier will pay AT&T $2 billion in cash for the business and related assets.Says Frontier expects the transaction to close in the second half of 2014.