In May 2019, Frontier Communications Corporation (NASDAQ: FTR) entered into a definitive agreement to sell its operations and all associated assets in Washington, Oregon, Idaho and Montana to WaveDivision Capital, LLC (WDC) in partnership with Searchlight Capital Partners, LLC (Searchlight) for $1.352 billion in cash subject to certain closing adjustments.
Duff & Phelps served as a financial advisor to the board of directors of Frontier Communications and provided a fairness opinion in connection with the transaction.
About Frontier Communications
Frontier Communications Corporation (NASDAQ:FTR) is a leader in providing communications services to urban, suburban, and rural communities in 29 states. Frontier offers a variety of services to residential customers over its fiber-optic and copper networks, including video, high-speed internet, advanced voice, and Frontier Secure® digital protection solutions. Frontier Business™ offers communications solutions to small, medium, and enterprise businesses.