Frontier Communications Corporation Announces Successful Completion of Debt Tender Offer

  Frontier Communications Corporation Announces Successful Completion of Debt
  Tender Offer

Business Wire

STAMFORD, Conn. -- June 18, 2012

Frontier Communications Corporation(NASDAQ: FTR) announced today that it has
successfully completed its previously announced debt tender offer and has
applied the full "Maximum Payment Amount" of $500 million toward the
repurchase of its 8.250% Senior Notes due 2014 (the "2014 Notes") and 7.875%
Senior Notes due 2015 (the "2015 Notes").

As a result, Frontier accepted for purchase $49.5 million aggregate principal
amount of 2015 Notes tendered as of 9:00 a.m. New York City time on June 15,
2012 (the "Expiration Date") for total consideration of approximately $54
million, plus accrued and unpaid interest to the date of purchase. Frontier
previously accepted for purchase $400 million aggregate principal amount of
2014 Notes for total consideration equal to $446 million, plus accrued and
unpaid interest to the date of purchase on June 1, 2012.

Frontier used proceeds from the sale of its offering of $500 million of 9.250%
Senior Notes due 2021, plus cash on hand, to purchase the 2014 Notes and 2015
Notes. As a result of the successful tender offer, the amount of 2014 Notes
and 2015 Notes outstanding are $200 million and $450.5 million, respectively.

The tender offer is expected to result in an after-tax charge of approximately
$43 million for the quarter ended June 30, 2012, or $0.04 per share.

The offer to purchase the 2015 Notes was oversubscribed. A total of
$147,612,000 aggregate principal amount were validly tendered as of the
Expiration Date, and accordingly, the principal amount of 2015 Notes that the
Company purchased from each tendering holder was prorated based on a proration
factor of approximately 34%.

Deutsche Bank Securities Inc. served as the Coordinating Dealer Manager and
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC served as
Co-Dealer Managers for the tender offer.

This announcement does not constitute an offer to buy or the solicitation of
an offer to sell any securities in any jurisdiction or in any circumstances in
which such offer or solicitation is unlawful.

About Frontier Communications

Frontier Communications Corporation (NASDAQ: FTR) offers voice, broadband,
satellite video, wireless Internet data access, data security solutions,
bundled offerings, specialized bundles for residential customers, small
businesses and home offices and advanced business communications for medium
and large businesses in 27 states. Frontier's approximately 15,500 employees
are based entirely in the United States.

Contact:

Frontier Communications
INVESTOR:
Gregory Lundberg, 203-614-5044
Vice President, Investor Relations and Assistant Treasurer
greg.lundberg@ftr.com
or
MEDIA:
Brigid Smith, 203-614-5042
AVP Corp. Communications
brigid.smith@ftr.com