Saturday, June 12, 2010
Frontier Communications Confident About Takeover
WEST VIRGINIA....
Frontier Communications Corp.has received all regulatory approvals required to allow it to purchase Verizon's landlines in West Virginia and 13 other states, a deal valued at $8.6 billion. On May 13 the state Public Service Commission approved the transaction, which is valued at $8.6 billion, and earlier this week the commission denied a request by its Consumer Advocate Division to reconsider its decision. Monday is the deadline for the Communications Workers of America to appeal the decision to the state Supreme Court. Frontier says it's focused on taking over in West Virginia on July 1st. In addition to about 2,100 current Frontier employees and Verizon workers who will become Frontier employees, there will be 400 additional Frontier staffers in West Virginia on the first day to make sure everything goes well.
Frontier Communications Corp.has received all regulatory approvals required to allow it to purchase Verizon's landlines in West Virginia and 13 other states, a deal valued at $8.6 billion. On May 13 the state Public Service Commission approved the transaction, which is valued at $8.6 billion, and earlier this week the commission denied a request by its Consumer Advocate Division to reconsider its decision. Monday is the deadline for the Communications Workers of America to appeal the decision to the state Supreme Court. Frontier says it's focused on taking over in West Virginia on July 1st. In addition to about 2,100 current Frontier employees and Verizon workers who will become Frontier employees, there will be 400 additional Frontier staffers in West Virginia on the first day to make sure everything goes well.
# posted by Homer Owens @ 11:38 AM 
