Thursday, August 27, 2009

Frontier's plan to buy Verizon's assets in Ohio worries consumer advocate - cleveland.com

Frontier Telephone is taking on so much debt to buy Verizon's assets in Ohio and 13 other states, that the state's consumer advocate is concerned that Frontier may not be able to serve its customers well after the $8.6 billion deal goes through.

But Frontier and some analysts say that the company has its finances under control and its attempts to grow the business should benefit consumers. Frontier and Verizon announced plans for the transaction in May, and it is now pending approval from state and federal regulatory agencies...