Bluefield Daily Telegraph, Bluefield, WV

WV State News

November 8, 2012

W.Va. PSC OKs Frontier reimbursements for upgrades

CHARLESTON, W.Va. (AP) — Frontier Communications will be reimbursed more than $29 million that it spent to improve its landline network and expand broadband access in West Virginia.

The West Virginia Public Service Commission approved the reimbursements last week.

The money will come from two escrow accounts established in 2010 as part of Frontier's acquisition of Verizon's markets in the state.

Frontier will receive $23.7 million in reimbursement from one escrow account for landline network improvements. The other account will provide $5.4 million in reimbursement for broadband projects.

Frontier senior vice president and general manager Dana Waldo said Thursday that the company has expanded its broadband network from 62 percent of households to more than 83 percent.

1
Text Only
WV State News