Wave Division Capital to buy company’s

Washington operations for $1.4 billion

Frontier Communications customers may submit comments to

state regulators on the proposed sale of the company.

The company announced in May 2019 that it has entered into

a definitive agreement to sell its operations and all associated assets in

Washington, Oregon, Idaho, and Montana to WaveDivision Capital LLC, in

partnership with Searchlight Capital Partners LLC, for $1.4 billion in cash

subject to certain closing adjustments.

In June, Northwest Fiber LLC, Frontier Communications

Corp. and Frontier Communications ILEC Holdings LLC filed a request to transfer

of control of Frontier Communications Northwest from Frontier ILEC Holdings to

Northwest Fiber with the Washington Utilities and Transportation Commission.

In December, commission staff and the parties reached a

proposed settlement that included spending at least $50 million in Washington

to increase broadband coverage; committing to support the statewide transition

to Next Generation 911; and reporting on financial and service quality

measures.

The three-member commission, which is not bound by the

settlement, will make a final decision to approve, reject, or modify the merger

agreement by March 2020.

Northwest Fiber LLC previously operated Wave Broadband,

providing internet, video, and phone services on the West Coast, serving

customers in more than 70 communities in Washington state. The new company is

headquartered in Kirkland.

Frontier is one of the largest local telephone companies

in Washington, serving about 150,000 residential and business lines across the

state.

How to comment

A public comment hearing on the proposed sale before the

WUTC is set for 10 a.m. Jan. 27 at the commission’s headquarters in Lacey.

Customers who wish to participate by phone may contact the

commission’s records center by phone at 360-664-1234 or via email at

[email protected] for more information.

Customers also can submit comments about the proposed sale online at utc.wa.gov/comments; by writing to P.O. Box 47250, Olympia, WA, 98504; emailing [email protected]; or calling toll-free 1-888-333-9882.

The UTC is the state agency that regulates private,

investor-owned electric and natural gas utilities in Washington. It is the

commission’s responsibility to ensure regulated companies provide safe and

reliable service to customers at reasonable rates, while allowing them the

opportunity to earn a fair profit.