FCC Clears Frontier's Purchase Of AT&T's Connecticut Wireline Operations

(RTTNews) - Frontier Communications Corp. (FTR) said Friday that the Federal Communications Commission has approved its proposed acquisition of AT&T, Inc.'s (T) local wireline, broadband and video operations in Connecticut.

Frontier is currently also seeking approval from the Connecticut Public Utilities Regulatory Authority, and has already received Justice Department approval.

Frontiery expects to close the deal in the fourth quarter.

In December 2013, AT&T agreed to sell its wireline residential and business services as well as associated assets in Connecticut to Frontier for $2 billion in cash.