Frontier Communications Sells Its Interest in Mohave Wireless to Verizon Wireless
STAMFORD, Conn.--(BUSINESS WIRE)-- Frontier Communications Corporation (NAS: FTR) sold its one- third partnership interest in Mohave Cellular Limited Partnership ("Mohave Wireless") to Verizon Wireless on April 1, 2013. Verizon Wireless now has 100 percent ownership of Mohave Wireless. Financial terms are not being disclosed.
"During the years in which Frontier was the General Partner, the investments in Mohave Wireless enabled the partnership to provide excellent cell coverage and service in northwest Arizona. Traffic - both voice and data, not to mention car, RV and truck - has grown steadily due to the popularity of Lake Havasu City as a resort, Bullhead City for gaming and Kingman as a business and retirement destination. I am proud that we delivered value year over year to all of the partners in this venture," said Melinda White, Executive Vice President, Revenue Development for Frontier.
Ms. White added, "We are delighted to have the public opportunity to thank the employees of Mohave Wireless for all they did for their customers and the community. Their experience and dedication will be great assets to Verizon Wireless as it integrates Mohave Wireless. We also applaud Verizon Wireless for adding Mohave to their wireless network in the region."
About Frontier Communications
Frontier Communications Corporation (NAS: FTR) , is an S&P 500 company and is included in the FORTUNE 500 list of America's largest corporations. Frontier offers broadband, voice, satellite video, wireless Internet data access, entertainment services like TumTiki.com, data security solutions through Frontier Secure, bundled offerings and specialized bundles for residential customers, small businesses and home offices and advanced communications for medium and large businesses in 27 states. Frontier's approximately 14,700 employees are based entirely in the United States. More information is available at www.frontier.com.
Luke Szymczak, 203-614-5044
KEYWORDS: United States North America Arizona Connecticut
The article Frontier Communications Sells Its Interest in Mohave Wireless to Verizon Wireless originally appeared on Fool.com.
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