Since its 2010 acquisition of Verizon properties, Frontier Communications Corporation (NASDAQ: FTR) has invested more than $40 million to deploy and improve broadband services across Washington state. As a result, the Washington Utilities and Transportation Commission recently released $25.6 million of the remaining funds put into escrow by Frontier as a condition for approval of the acquisition. The release of the funds is confirmation of Frontier’s deployment of broadband to connect underserved and unserved areas and to relieve internet congestion.
“Frontier is keenly aware of the importance of broadband to Washington. It is an essential part of the economic engine that drives commerce, education, health care, jobs and more. In 2010, we committed to extending broadband to some very hard-to-reach areas,” said Rich Klena, Frontier’s Senior Vice President and General Manager for Oregon and Washington. “We have done what we said we’d do, and we will continue to do our best for the citizens of Washington.”
About Frontier Communications
Frontier Communications Corporation (NASDAQ: FTR), is an S&P 500 company and is included in the FORTUNE 500 list of America’s largest corporations. Frontier offers broadband, voice, satellite video, wireless Internet data access, entertainment services like TumTiki.com, data security solutions, bundled offerings and 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 15,300 employees are based entirely in the United States. More information is available at
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts