Goodbye Verizon, Hello Frontier

Frontier Communications to Acquire Verizon's Wireline Operations in California, Florida and Texas, Doubling Frontier's Size and Driving Shareholder Value Frontier to Host Conference Call on February 5 at 4:30 p.m. ET to Discuss Transaction; Presentation to be Posted at 4:15 p.m. ET STAMFORD, Conn.- - Frontier Communications Corporation is today announcing a definitive agreement with Verizon Communications Inc. under which Frontier will acquire Verizon's wireline operations that provide services to residential, commercial and wholesale customers in California, Florida and Texas, for $10.54 billion in cash.

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