Frontier Communications upsizes aggregate consideration to USD 1.15bn

Frontier Communications Corporation (NASDAQ:FTR) has announced the early tender results of its recent cash tender offers, the company said.

The company has amended the terms of the offers to increase the maximum aggregate consideration (excluding accrued interest) to be paid by the company from USD 800 million to USD 1.15 billion.

The company has retained J.P. Morgan Securities LLC to act as the Dealer Manager for the Tender Offers and Ipreo LLC as the Tender Agent and Information Agent for the Tender Offers.

Frontier Communications provides communications services to urban, suburban, and rural communities in 29 states. It offers a variety of services to residential customers over its fiber-optic and copper networks, including video, high-speed internet, advanced voice, and digital protection solutions.