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Frontier Communications Reports 2013 Second Quarter Results

The Company’s broadband customer net additions were approximately 29,500 during the second quarter of 2013, which was greater than the approximately 28,200 broadband customer net additions for the first quarter of 2013 and the total 23,400 net additions in all of 2012. The Company had approximately 1,812,100 broadband customers at June 30, 2013. The Company added 15,200 video customers during the second quarter of 2013. The Company had approximately 380,200 video customers at June 30, 2013.

Network access expenses for the second quarter of 2013 were $107.1 million as compared to $109.4 million in the first quarter of 2013 and $115.4 million in the second quarter of 2012.

Other operating expenses for the second quarter of 2013 were $534.0 million as compared to $541.5 million in the first quarter of 2013 and $539.9 million in the second quarter of 2012. Included in other operating expenses were severance costs of $4.3 million, $2.4 million and $1.5 million in the second quarter of 2013, the first quarter of 2013 and the second quarter of 2012, respectively. Other operating expenses, excluding severance costs, in the second quarter of 2013 were lower than in the first quarter of 2013 by $9.4 million, primarily due to decreased compensation costs resulting from reduced headcount and lower outside service costs.

Depreciation and amortization for the second quarter of 2013 was $297.8 million as compared to $303.7 million in the first quarter of 2013 and $307.0 million in the second quarter of 2012. Amortization expense decreased by $11.5 million in the second quarter of 2013 as compared to the second quarter of 2012, primarily due to certain intangible asset items that were fully amortized in 2012.

Sale of Mohave Cellular Limited Partnership Interest

On April 1, 2013, the Company closed on the sale of its partnership interest in Mohave Cellular Limited Partnership (Mohave) to Verizon Wireless, and the Company recognized a gain on sale of approximately $14.6 million before taxes (approximately $8.6 million, or $0.01 per share, after taxes) in the second quarter of 2013.

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