Boston, MA 08/08/2014 (wallstreetpr) – According to recent market reports, Frontier Communications Corp (NASDAQ:FTR) has been included in Marcum Tech Top 40 list of the fastest growing companies in Connecticut. The top three categories in which FTR was shortlisted were Internet/ Media/Telecom. It is sponsored by Marcum LLP and The Connecticut Technology Council (CTC).
Marcum Tech Top 40:
It has been 7th years since the industry leaders in Connecticut area have been given this top notched award. The categories that are included in Marcum Tech Top 40 include Advanced Manufacturing, Life Sciences, Energy/Environmental, New Media/Telecom/Internet/, Software and IT Services. According to Partner-in-Charge of Marcum New England Anthony P. Scillia,” Marcum Tech Top 40 is the best way to analyze the innovations that take place around you and the companies that are focusing on it.” You not only get to know about such companies but also come to know about those companies that are located in Connecticut area and doing extraordinary things.
This year’s program has been held in association with Marcum and Connecticut Technology Council.
Frontier Communications Corp (NASDAQ:FTR) is one of the top 40 IT firms which have been nominated for Marcum Tech Top 40 program. It has taken several steps in recent years which make it an ideal choice for this reputed award. One such step is that FTR has agreed to acquire AT&T’s wire-line business, its statewide fiber network serving residential, wholesale and commercial customers. As part of this deal, FTR will not only acquire business and commercial customers of AT&T, but also its satellite TV and U-verse video customers in Connecticut area. Reports claim that the transaction will be executed by the Q4 2014. Once this transaction gets executed, Connecticut will become the 28th largest operating state for FTR.
Frontier Communications Corp (NASDAQ:FTR) employs around 13,900 employees in USA, but after the execution of this deal, these numbers may go well beyond 14,500 within a short span of time.