Frontier Communications has invested $37 million in Oregon since acquiring Verizon...
Frontier Communications has invested $37 million in Oregon since acquiring Verizon properties in 2010, the telco said. “As a result, the Oregon Public Utilities Commission has released all but $400,000 of the more than $15 million in funds put into…
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escrow by Frontier as a condition of approval of the acquisition,” the company said (http://xrl.us/bntohd). The same scenario happened in Washington, the telco said. The company invested $40 million there since acquiring the Verizon landline assets, and the Washington Utilities and Transportation Commission subsequently released $25.6 million in funds from escrow, it said (http://xrl.us/bntog9). Releasing those funds is “confirmation” of Frontier’s broadband commitments, it said in news releases on the two states Wednesday.