Federal Communications Commission Approves Frontier Communications’ Acquisition of Verizon’s Wireline Operations in California, Florida and Texas

Thousands of Customers Can Expect Broadband as a Result of the
Transaction

NORWALK, Conn.–(BUSINESS WIRE)–Frontier Communications (NASDAQ:FTR) applauded today’s decision by the
Federal Communications Commission (FCC) approving its proposed
acquisition of Verizon’s wireline, broadband and video operations,
including the FiOS® network, in California, Florida and
Texas. The company is currently also seeking approval from the
California Public Utilities Commission and the Public Utilities
Commission of Texas, and has received Hart-Scott-Rodino federal
antitrust clearance. Pending commission approval in Texas and
California, the company expects to close the transaction at the end of
the first quarter of 2016.

Daniel J. McCarthy, Frontier’s President and Chief Executive Officer
said, “We are pleased the FCC moved swiftly and smartly to approve this
acquisition, releasing an Order in advance of the FCC’s internal
deadline for review of such transactions. The FCC views this transaction
as being in the public interest and benefiting customers in the three
acquired states. We agree, and believe it will further benefit those
across the rest of the Frontier footprint as well. By doubling our size,
we will add scale and scope to our operations, strengthen our product
and service offerings, and improve the customer experience. We look
forward to demonstrating our commitment to broadband investment and
deployment in California, Florida and Texas. Soon, consumers and
businesses in these states will benefit from our extensive experience,
our high-touch local engagement management model, the focused use of the
fiber-rich network, and our active involvement in the communities we
serve.” McCarthy added, “Our goal is to deliver the life-changing
benefits of broadband to an additional 750,000 households at speeds of
25Mbps/2-3Mbps across the entire Frontier multi-state footprint,
including California, Florida and Texas, by the end of 2020.”

Frontier will offer California, Florida and Texas customers the
company’s full portfolio of products and services, including broadband
services, wireline local and long distance phone service, video viewing
options, and innovative products and services such as Frontier Secure,
an industry-leading digital security offering that provides customers
with top-rated online computer and personal identification protection
and 24/7 premium technical support as well as hard drive backup. FiOS
customers in these markets will continue to receive the same products
and services they have come to enjoy under the FiOS brand name.

About Frontier Communications

Frontier Communications Corporation (NASDAQ:FTR) offers broadband,
voice, video, wireless Internet data access, data security solutions,
bundled offerings, specialized bundles for residential customers, small
businesses and home offices and advanced communications for medium and
large businesses in 28 states. Frontier’s approximately 18,200 employees
are based entirely in the United States. More information is available
at www.frontier.com.

Forward-Looking Statements

This document contains “forward-looking statements,” related to future,
not past, events. Forward-looking statements address our expected future
business and financial performance and financial condition, and contain
words such as “expect,” “anticipate,” “intend,” “plan,” “believe,”
“seek,” “see,” “will,” “would,” or “target.” Forward-looking statements
by their nature address matters that are, to different degrees,
uncertain. These risks and uncertainties include, but are not limited
to: Frontier’s ability to complete the acquisition of Verizon’s
California, Florida and Texas wireline operations, including the ability
to complete the financing of the acquisition; the ability to
successfully integrate the acquired operations into Frontier’s existing
operations; the sufficiency of the assets to be acquired from Verizon to
enable the combined company to operate the acquired business; the
ability to enter into or obtain, or delays in entering into or
obtaining, certain agreements and consents necessary to operate the
acquired business as planned; the ability to obtain, delays in obtaining
or adverse conditions contained in any required regulatory approvals for
the Verizon transaction; and the other factors that are described in our
filings with the U.S. Securities and Exchange Commission, including our
reports on Forms 10-K and 10-Q. These risks and uncertainties may cause
our actual future results to be materially different than those
expressed in our forward-looking statements. We do not undertake to
update or revise these forward-looking statements.

Contacts

Frontier Communications
Investor
Luke
Szymczak, 203-614-5044
Vice President, Investor Relations
luke.szymczak@ftr.com
or
Media
Steve
Crosby, 916-206-8198
SVP, External Affairs
steven.crosby@ftr.com