Frontier Communications Reaches Acquisition-Related Agreement with Connecticut Attorney General and Office of Consumer Counsel

  Frontier Communications Reaches Acquisition-Related Agreement with
  Connecticut Attorney General and Office of Consumer Counsel

    Agreement includes rate benefits for customers, $63 million to improve
           broadband capabilities, and sustained community support

Business Wire

STAMFORD, Conn. -- August 12, 2014

Frontier Communications Corporation (NASDAQ:FTR) has reached an agreement with
the Connecticut Attorney General and the Office of Consumer Counsel (OCC) that
will guarantee customer and community benefits resulting from Frontier’s
proposed acquisition of AT&T's incumbent local exchange operations and
statewide fiber network that provides services to residential, commercial and
wholesale customers in Connecticut. As part of the transaction, Frontier will
also acquire AT&T's U-verse video and satellite TV operations in Connecticut.

“We are pleased to have reached this settlement agreement with the Attorney
General’s Office and the OCC,” said Paul Quick, Senior Vice President and
General Manager for Frontier Connecticut. “The agreement will provide tangible
benefits for Connecticut customers and communities and moves us closer to
serving customers in the state that has been home to our corporate
headquarters since 1946,” noted Quick.

Highlights of the agreement state that for a period of not less than 36 months
after the closing of the transaction (i) there will be no increases in the
basic primary residential rate in effect for transferred exchanges as of the
closing date; and (ii) where available, Frontier has agreed to offer its basic
broadband and stand-alone basic broadband product at or below Frontier’s
current prices.

In addition, Frontier has committed to incremental capital investments
totaling $63 million over 2015, 2016 and 2017 to expand and improve broadband
in Connecticut. Frontier will also accelerate its inspection of the outside
plant it is acquiring, including telephone poles, to ensure the reliability
and robustness of the facilities. Frontier has also agreed to a number of
important measures aimed at simplifying and improving telephone pole
administration within its Connecticut footprint.

A key component of its agreement with the Attorney General and the OCC builds
on Frontier’s existing support of veterans’ programs. Frontier has committed
to reach out to Connecticut’s veteran population through targeted job fairs
and to collaborate with the Department of Veteran Affairs (VA) to improve the
adoption and use of the VA’s MyHealtheVet and home Telehealth. Frontier will
also work with the Attorney General and the OCC to identify and implement ways
to reach eligible low-income veterans to provide them with subsidized
broadband service.

Frontier will also become an active participant in Connecticut’s charitable
community. The company is already a 2014 Platinum Sponsor of the Connecticut
Open Presented by United Technologies and the UCONN Athletics’ Football and
Men’s and Women’s Basketball programs.

The full agreement must be approved by the Connecticut Public Utilities
Regulatory Authority (PURA). Please click here to view the Settlement
Agreement.

AboutFrontier Communications

Frontier Communications Corporation(NASDAQ:FTR) offers broadband, voice,
satellite video, wireless Internet data access, data security solutions,
bundled offerings, specialized bundles for residential customers, small
businesses and home offices and advanced communications for medium and large
businesses in 27 states. Frontier's approximately 13,900 employees are based
entirely inthe United States. More information is available
atwww.frontier.com.

Contact:

Frontier Communications Corporation
Brigid Smith, 203-614-5042
AVP, Corporate Communications
brigid.smith@ftr.com
 
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