Frontier Closes on AT&T's CT Network

Frontier Communications (NASDAQ:FTR) has completed its $2 billion acquisition of AT&T's (NYSE:T) wireline business, statewide fiber network, and U-verse operations in Connecticut. As part of the acquisition, Frontier also acquired AT&T's DISH satellite TV customers in Connecticut.

Frontier says it will offer the same products and services as AT&T, including U-verse, plus new products such as Frontier Secure, a suite of online security services.

Frontier plans to make capital investments of $63 million over the next three years for U-verse expansion and broadband network speed enhancements to increase speeds to 10 Mbps or greater for more than 100,000 households. It also plans to construct an ultra-high-speed middle mile fiber network connecting central offices across the state and dedicate at least $3 million of capital to expanding broadband to areas currently unserved or underserved.