November 10, 2015
Full California Public Utilities Commission Expected to Vote on the Final Order by End of Year
NORWALK, Conn.--(BUSINESS WIRE)-- Frontier Communications Corporation (NASDAQ: FTR) announced that on Friday, November 6, 2015Administrative Law Judge Karl J. Bemesderfer with the California Public Utilities Commission (CPUC) issued a favorable Proposed Decision (PD) proposing approval of Frontier's proposed acquisition of Verizon's local wireline, broadband and video operations, including the FiOS network. The company has already received all other necessary regulatory approvals, including from the Federal Communications Commission (FCC) and theJustice Department. Frontier Communications along with other parties will be filing comments on the PD by November 20, 2015. Pending final CPUC approval in California, Frontier expects to close the transaction at the end of the first quarter of 2016.
Kathleen Abernathy, EVP, External Affairs, Frontier Communications said, "We are pleased that the PD finds that our proposed settlements with theOffice of Ratepayer Advocates (ORA), TURN and Center for Accessible Technology, California Emerging Technology Fund, Greenlining, and others address the public interest requirements to be considered by the Commission. The Public Participation Hearings conducted this summer by Commissioner Catherine Sandoval and Judge Bemesderfer informed these agreements and contributed to the settlements. We will continue to work through any remaining issues raised in the PD and address them in our comments, which are due in a few weeks. As we have publicly stated in all our filed testimony, we look forward to the opportunity to increase our presence in California and bring investment, jobs, and increased broadband availability to consumers across the state, in both urban and rural markets."