Connecticut PURA gives final approval to Frontier/AT&T deal; transaction to close Oct. 24
Connecticut’s Public Utilities Regulatory Authority (PURA) gave final approval Wednesday to Frontier Communications’ $2 billion purchase of AT&T’s broadband, video and wireline assets in the state (http://bit.ly/1sJgNXg). PURA’s final decision on Frontier/AT&T Connecticut almost completely tracked with a draft decision…
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released Sept. 30 1410010024, which had prompted limited concerns from other parties in the proceeding 1410090003. PURA said it wouldn’t revise its decision to reflect concerns that Connecticut Light and Power raised, but did formally adopt a separate settlement between Frontier and the Connecticut divisions of Cablevision, Charter Communications, Cox Communications and MetroCast Communications as part of PURA’s decision. PURA's review was the only remaining regulatory barrier for the deal, which Frontier said Wednesday is now set to close on Oct. 24. About 2,600 AT&T employees in Connecticut will become Frontier employees at the deal’s completion, Frontier said. Communications Workers of America Local 1298, which supported Frontier/AT&T Connecticut, shares “Frontier's goal of putting the customer first,” said CWA Local 1298 President Bill Henderson in a Frontier news release. “We look forward to introducing residential and business customers to Frontier's local engagement plan and great customer service” (http://bit.ly/1qw6ilR).