Frontier Communications Corporation (FTR)

Telecommunication Services

Frontier is the 4th largest wireline carrier in the U.S., providing services to 5.4 million customers, 4.3 million broadband subscribers and 28,300 employees, operating in 29 states. FTR has completed significant acquisitions recently; in Dec. 2013 it acquired AT&T’s wireline residential & business services in Connecticut for $2 billion in cash, then in April 2016 it closed a $10.54 billion cash deal for Verizon’s wireline business in California, Texas & Florida (CTF). FTR trails AT&T, Verizon, and Centurylink in wireline market share in the U.S.