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February 21, 2014

Frontier clears first AT&T acquisition hurdle

Stamford’s Frontier Communications Corp. said the U.S. Federal Trade Commission has terminated early an antitrust waiting period required for its planned acquisition of AT&T’s Connecticut wireline business.

The expiration of the waiting period, required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, is one of several conditions Frontier will need to satisfy to make the purchase — which it hopes to do later this year.

Frontier will also need approvals from the Federal Communications Commission and the Connecticut Public Utilities Regulatory Authority.

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