AT&T continues to make moves that will push them away from wireline and closer to becoming an all-IP, wireless and cloud network. Frontier has jumped on this opportunity in order to obtain their ILEC operations in Connecticut for $2 billion.
This is seemingly a win-win situation for both companies. The benefits of the purchase for Frontier include 900,000 voice customers, 415,000 broadband customers and 180,000 U-verse video subscribers. The benefit of the sale for AT&T is the funds that will contribute to Project VIP. Project VIP is intended to expand the 4G network to 300 million people and improve wireline infrastructure for broadband connectivity.
“This is a good business decision for both companies, good for customers and good for Connecticut,” said Patricia Jones, president of AT&T New England. “The fact that Frontier is headquartered in Connecticut will help ensure a smooth transition for customers and employees.”
Companies such as AT&T are on all platforms as it competes for Internet data and television advertising. With less emphasis on wireline phone, companies like Frontier take advantage of the opportunity to buy up old-line phone business.
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