State Telecom Activities

摘要

Frontier received $21.8 million in escrowed money from the West Virginia Public Service Commissionnand the Oregon Public Utilities Commission, the telco said Thursday night (http://bit.ly/128Fyvw).n“The funds were escrowed in connection with Frontier's acquisition of wireline properties from VerizonnCommunications in July 2010.” The majority of the money was held up in two escrows of the West VirginianPSC, one related to service quality and another to broadband — $21.4 million total. Frontier hadnasked for the release of the money and received the full amounts requested. “Just three years ago, Frontierntook ownership of wireline assets that no longer met the needs of consumers in 14 states,” said KathleennAbernathy, external affairs executive vice president, in a statement. “We have invested heavily since then tontransform the broadband, voice and video experience of our customers. The latest escrow releases, all ofnwhich required commission approval, confirm that we did what we said we'd do to meet the expanding technologynneeds of our customers.” In approving the release of the service quality funds, the West VirginianPSC judged Frontier’s listed expenses to be “necessary improvements to the Frontier WV network,” accordingnto its order earlier this month (http://bit.ly/10psy7k). The PSC made a similar judgment regarding thenbroadband account in another order (http://bit.ly/12qUCYA).