Fairness Opinion | Financial Advisor

Duff & Phelps Provided a Fairness Opinion to Frontier Communications in Connection with the Sale of Its Operations in Select Locations

Frontier Communications

has sold certain assets in Washington, Oregon, Idaho and Montana to

Wavedivision Capital

and

Searchlight Capital
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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.


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