- Frontier will give Verizon $5.3 billion in Frontier stock and take on an additional $3.3 billion in debt.
- Frontier will get Verizon landline networks in Arizona, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina, Ohio, Oregon, South Carolina, Washington, West Virginia. Wisconsin and some rural areas of California.
- Frontier will grow to more than 7 million access lines in 27 states and will be the largest provider of voice, broadband and video services focused on rural to smaller city markets in the United States.
- Frontier will be picking up some FiOS - 41 local franchises and the state of Indiana will be transferred from Verizon.
- Approximately 11,000 Verizon employees will end up working for Frontier.
- Verizon Wireless and Verizon Business services in the listed states will not be transferred to Frontier.
- With this deal Verizon may eventually reach 80% FiOS coverage on their remaining footprint.
- It is doubtful Fiber to the Home (FTTH) services will be expanded in any of the transferred regions (by Frontier) in the near future.
The deal is expected to take about a year to complete.