Frontier says California approval delayed is funding denied
Let’s hope there will be something to celebrate come New Year’s Eve.
It’s worth $192 million to rural areas of the state if the California Public Utilities Commission sticks to the schedule it set for reviewing Frontier Communications’ proposed purchase of Verizon’s wireline telephone systems. That’s one of the significant points of a joint response made by the two companies to questions posed by the Federal Communications Commission as it also reviews the transaction.
Frontier says it will use state and federal subsidies to upgrade broadband infrastructure in California…
… MoreIf Frontier is able to obtain regulatory approvals for the Transaction prior to December 31, 2015, it will utilize available funding for broadband deployment in the high cost areas within the Transferring Companies’ territories.