AT&T Sells Connecticut Wire Ops To Stamford Company
DALLAS (AP) – AT&T has agreed to sell its Connecticut wireline operations to Frontier Communications for $2 billion as it continues its transition to unwired operations and a cloud network.
The deal includes wireline network assets and consumer, business and wholesale customer relationships.
About 2,700 wireline workers that support AT&T’s Connecticut operations will transfer to Frontier when the transaction closes.
The deal gives Frontier, which is based in Stamford, Conn., the ability to provide communications service to Connecticut customers.
AT&T Inc. said Tuesday that it is still committed to having a significant presence in Connecticut.
The transaction is subject to review by the U.S. Department of Justice, the Federal Communications Commission and the Connecticut Public Utilities Regulatory Authority and other state regulatory authorities.
It is expected to close in the second half of 2014.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)