Friday, May 14, 2010
Verizon-Frontier Deal Approved By PSC
WEST VIRGINIA....
After months of petitions, protests and public hearings, the Public Service Commission has approved the sale of Verizon's landline business to Frontier Communications, although several customers and the Communications Workers of America Union members were opposed to the plan. Under the deal, Frontier will have to move it's southeast regional headquarters to Charleston, honor all existing obligations Verizon has made, make millions of dollars worth of capitol investments in Verizon, with some of that money being targeted for quality of service and increasing broadband for Internet customers. The deal awaits approval from the Federal Communications Commission.
After months of petitions, protests and public hearings, the Public Service Commission has approved the sale of Verizon's landline business to Frontier Communications, although several customers and the Communications Workers of America Union members were opposed to the plan. Under the deal, Frontier will have to move it's southeast regional headquarters to Charleston, honor all existing obligations Verizon has made, make millions of dollars worth of capitol investments in Verizon, with some of that money being targeted for quality of service and increasing broadband for Internet customers. The deal awaits approval from the Federal Communications Commission.
# posted by Homer Owens @ 10:20 AM 
