Frontier Communications Mergers and Acquisitions Summary

CommunicationsCompany

Frontier Communications has acquired 6 companies. It has also divested 3 assets.

Frontier Communications’ largest acquisition to date was in 2015, when it acquired Verizon Communications - Wireline Operations in California Florida and Texas for $10.5B. It’s largest disclosed sale occurred in 2019, when it sold Frontier Communications - Associated Assets and Operations to Searchlight Capital Partners for $1.4B. Frontier Communications has acquired in 5 different US states. The Company’s most targeted sectors include communications (100%).

Join Mergr and gain access to Frontier Communications’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the communications sector.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity6
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7
  • M&A Advisors 6

Frontier Communications

Frontier Communications Corp.

401 Merritt 7,
Norwalk, Connecticut 06851
United States,
(203) 614-5600
www.frontier.com

Frontier Communications is a provider of broadband, voice, satellite 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 27 states. Frontier Communications was founded in 1935 and is based in Norwalk, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.0/yr) # 6 - - - - - 6
vol $22.5B $22.5B
Sell (0.4/yr) # 1 - - 2 - - 3
vol $41M $1.4B $1.4B
  9

Most Recent M&A

Company Date Value Type
Frontier Communications Corp. - Associated Assets and Operations 2019-05-29 1.4B USD Divestiture
Norwalk, Connecticut
Frontier Communications Corp. - Wireless Towers 2019-01-22 - Divestiture
Norwalk, Connecticut
Verizon Communications Inc. - Wireline Operations in California, Florida and Texas 2015-02-05 10.5B USD Divestiture
New York, New York
New Cingular Wireless Services, Inc. 2013-12-17 200M USD Add-on Acquisition
Redmond, Washington
AT&T Wireline, Broadband and Video Operations 2013-12-17 2.0B USD Divestiture
, Connecticut
Verizon Access Lines Assets 2009-05-13 8.6B USD Divestiture
New York, New York
Commonwealth Telephone Enterprises LLC 2006-09-18 1.2B USD Add-on Acquisition
Dallas, Pennsylvania
Citizens Communications - Conferencing Services Division 2005-03-15 41M USD Divestiture
Chicago, United States
Navajo Communications Company, Inc. 1994-10-31 - Divestiture
Cookeville, Tennessee
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 6 (100%) 22.5B (100%) 3 (100%) 1.4B (100%)
Total 6 $22.5B 3 $1.4B

By Geo

State/Country Buy Value Sell Value
United States 6 22.5B 3 1.4B
  Connecticut 1 2.0B 2 1.4B
  New York 2 19.1B - -
  Washington 1 200M - -
  Tennessee 1 - - -
  Pennsylvania 1 1.2B - -
Total 6 $22.5B 3 $1.4B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities LLC
2
Evercore Group LLC
2
Citigroup Investment Banking
2
Legal Deals
Cravath, Swaine & Moore LLP
3
Skadden, Arps, Slate, Meagher & Flom LLP
1
Kilpatrick Townsend & Stockton LLP
1

Deal Values

buy # Total
> $1B 4 $22.3B
$100M to $1B 1 $200M
TOTAL $22.5B
Largest Verizon Communications Inc. - Wireline Operations in California, Florida and Texas
$10.5B (2015-02-05)
sell # Total
> $1B 1 $1.4B
< $100M 1 $41M
TOTAL $1.4B
Largest Frontier Communications Corp. - Associated Assets and Operations
$1.4B (2019-05-29)

M&A Connections

Deals
Acquired from
Strategic(s)
67%
4 (67%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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