About the sale – General Information
According to a media release distributed by Frontier, they are selling their operations and all associated assets in Washington, Oregon, Idaho, and Montana to WaveDivision Capital LLC in partnership with
Searchlight Capital Partners LLC for $1.352 billion in cash subject to certain closing adjustments.
When will the sale happen?
Frontier requests that the Oregon Public Utility Commission (PUC) consider its filing expeditiously, as Frontier would like to close the transaction within one year.
Will this affect my service?
The PUC regulates Frontier’s land line telephone service, but does not regulate other services provided by Frontier, such as internet. Because of the ‘no harm’ standard for such a transaction, regulated service should be at least as good as it was prior to the sale. The PUC has service quality standards that the utilities it regulates must comply with. The new owners will be subject to those same service quality
rules after the sale.
Who is the purchaser?
WaveDivision Capital LLC (WDC) and Searchlight Capital Partners LLC. The two have formed a company to operate this business.
What is the purchasers’ experience?
WaveDivision Capital (WDC) has experience building and operating fiber networks and other forms of internet connectivity. The ability of WDC and their partner Searchlight Capital, to effectively operate the
system will be among the issues reviewed by the PUC during the approval process.
Will my fees increase for service?
Fees for Frontier’s services are regulated by the PUC under a form of regulation known as a Price Plan. After the sale, the fees for regulated services will continue to be regulated under Frontier’s current
Price Plan. The new owners would have to request a change in the current Price Plan to change those fees. Fees for other services, such as internet, are not regulated by the PUC.
When will the new owners take over running the business?
Frontier states its goal is to have the new owners running the business within one year. Until the transaction closes, Frontier will continue to operate the business and serve customers with existing products and services.