Tag Archives: ftr

AT&T, Verizon Unlikely To Go REIT, Frontier May

Frontier Communications (FTR) is the likeliest phone company to follow Windstream Holdings in restructuring as a real estate investment trust, if institutional investors signal their approval, speculates Standard & Poor’s in a research report. Phone leaders AT&T (T) and Verizon Communications (VZ) are unlikely to go the REIT route, says S&P. Windstream (WIN), a rural-focused wireline phone company, announced plans in late July to spin off network

AT&T Sells Wireline Assets To Frontier Communications

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,”