Scalper1 News
Frontier Communications (FTR) stock jumped Tuesday after the local phone company announced a deal to buy AT&T’s (T) wireline assets in Connecticut for $2 billion in cash. AT&T was down a fraction in early trading in the stock market today. Shares of Frontier, which provides local phone service in mostly rural areas of 27 states, were up 8%. Frontier has 3.1 million access lines across the U.S. “The transaction is quite attractive for Frontier,” Scalper1 News
Scalper1 News