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Frontier Communications Corp (NASDAQ:FTR) Gets Verizon Southwest CLEC Certificate Transfer Approval

Frontier Communications Corp (NASDAQ:FTR) recently announced that Texas’ Public Utility Commission has given a nod to transfer Southwest CLEC certificate of Verizon Communications Inc. (NYSE:VZ) to the company. While FTR has proposed its acquisition plan of the wireless networks of Verizon in California, Texas and Florida the only approval it needed in terms of state regulatory in Texas was this one. Texas had voted in favour of the deal earlier, thereby paving way for the clearance.

Federal Communications Commission has already given a green signal to this transaction.

The newness with Frontier’s services and products

The Executive VP of Frontier’s External Affairs, Kathleen Abernathy anticipates that this transaction shall be given a full and final touch in Q1 2016. Frontier is still participating in the process of regulatory review in the state of California.

With this deal, the customers in Texas, Florida and California shall enjoy new products as well as services. It is expected that the three states shall be given a complete and comprehensive portfolio of Frontier’s products or services, which include wireline local or long distance phoning, broadband services, innovative products or services like Frontier Secure, as well as video viewing choices.

This will add freshness to the existing Verizon plans in these states. Frontier will make available, new proposals and plans for offering its products or services, which in turn, shall benefit the customers.

FiOS® customers to enjoy the same benefits

There shall be no change in the benefits enjoyed by FiOS® customers. They will continue to receive same services from the company under the brand name FiOS. However, apart from this, Frontier Communications Corp (NASDAQ:FTR) has announced that it shall deliver broadband services to 750,000 more households across the 28-state footprint at a speed of 25Mbps/2-3Mbps. These states include Texas, Florida and California. The services shall be made available by 2020 end.

Published by Pamela Garcia

Pamela Garcia is a keen follower of U.S. stock market

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