AT&T Plans to Sell Connecticut Wireline Operations to Frontier Communications

AT&T announced that it has agreed to sell its local wireline operations in Connecticut to Connecitut-based Froniter Communications for $2 billion in cash. The transaction includes wireline network assets and consumer, business and wholesale customer relationships. “This is a good business decision for both companies, good for customers and good for Connecticut,” said Patricia Jacobs, President-AT&T New England. “We will continue to invest in Connecticut to serve our wireless and business customers, will maintain a significant employee presence here and will continue to be involved in the community. The fact that Frontier is headquartered in Connecticut will help ensure a smooth transition for customers and employees.” The revenue generated from this sale will be used to further AT&T’s plan to transform its operations through Project VIP—to an all IP, wireless, and cloud network.