AT&T closes $2 billion sale of Connecticut operations to Frontier Communications
AT&T Inc. said Friday that it has completed its $2 billion sale of its Connecticut wireline business, fiber network, video and satellite business to Frontier Communications Corp.
The deal was first announced in December.
AT&T customers in Connecticut will now become Frontier customers. And about 2,500 AT&T employees who work to support the Connecticut business will be Frontier employees.
Dallas-based AT&T said it will still provide cellphone service and other products in the state.
AT&T shares rose 8 cents to $33.74 in morning trading Friday. Shares of Frontier, based in Stamford, Connecticut, fell 5 cents to $6.23.