Frontier Communications Corp. (NASDAQ:FTR) operates a telecommunications network across 27 states and is the largest provider of communications services focused on rural America. The company offers broadband, wireless internet data access, data security solutions, and more. 

Today, Frontier’s shares soared 13.55 percent, trading up at $6.74 (2:46PM EDT) after the company announced its acquisition of AT&T’s (NYSE: T) Connecticut wireline operations. The full transaction is expected to close in the fourth quarter.

Source: Frontier Communications Corp.

With the Federal Communications Commission (FCC) approved Frontier of its acquisition of AT&T’s local wireline, broadband and video operations in Connecticut, the company is also currently seeking approval from Connecticut Public Utilities Regulatory Authority (PURA) which already received approval from the Justice Department.

Frontier’s Chairman and CEO, Maggie Wilderotter commented “We look forward to demonstrating our broadband commitment to our home state of Connecticut.. .Soon Connecticut consumers and businesses will benefit from out full complement of products and services and experience firsthand our high-touch local engagement management model and our active involvement in the communities we serve.”

Source: FINVIZ.com

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