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| [April 02, 2012] |
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Customers Benefit as Frontier Communications Completes 14-State Systems Conversion
STAMFORD, Conn. --(Business Wire)--
Frontier Communications Corporation (NASDAQ: FTR), announced today that
all operating, financial and human resources systems associated with its
2010 acquisition of Verizon (News - Alert) wireline exchanges in 14 states have been
successfully converted onto Frontier's legacy systems. The conversion,
completed approximately nine months ahead of schedule, reduces cost and
complexity, improves the customer experience and facilitates the rollout
of new products and services.
The conversion was accomplished in three stages. The West Virginia
operations were converted concurrent with the completion of the
acquisition in July 2010. In October 2011, all acquired operations in
Indiana, Michigan, North Carolina and South Carolina moved onto
Frontier's operating systems and the acquired operations in 13 states
moved onto Frontier's financial and human resources systems. This month,
acquired operations in Arizona, California, Idaho, Illinois, Nevada,
Ohio, Oregon, Washington and Wisconsin were successfully moved onto
Frontier's legacy operating systems.
According to Maggie Wilderotter, Chairman and CEO of Frontier, "With all
operations now on one set of systems, our employees will better serve
our customers. Consistent processes and procedures help get new products
and services to customers faster, enhance customer retention and market
share, and improve the overall customer experience. Frontier has a great
competency in successful system conversions which include fully
integrated networks, call centers and technical operations. Every
Frontier customer can be served by any employee, nationwide."
Frontier's full-systems conversion is among the largest by a U.S.
communications provider. In a single day, 2 million customers and 7,000
employees were successfully converted onto Frontier's legacy systems.
About Frontier Communications
Frontier Communications Corporation (NASDAQ: FTR) offers voice,
broadband, satellite video, wireless Internet data access, data security
solutions, bundled offerings, specialized bundles for small businesses
and home offices, and advanced business communications for medium and
large businesses in 27 states and with approximately 15,400 employees
based entirely in the United States. More information is available at www.frontier.com.
Forward-Looking Language
This press release contains forward-looking statements that are subject
to risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the financial statements.
Statements that are not historical facts are forward-looking statements
mae pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Words such as "believe," "anticipate,"
"expect" and similar expressions are intended to identify
forward-looking statements. Forward-looking statements (including oral
representations) are only predictions or statements of current plans,
which we review continuously. Forward-looking statements may differ from
actual future results due to, but not limited to, and our future results
may be materially affected by, potential risks or uncertainties. You
should understand that it is not possible to predict or identify all
potential risks or uncertainties. We note the following as a partial
list: our ability to successfully integrate the remaining operations and
systems of the Acquired Business into Frontier's existing operations and
systems; the risk that the growth opportunities from the Transaction may
not be fully realized or may take longer to realize than expected; our
indemnity obligation to Verizon for taxes which may be imposed upon them
as a result of changes in ownership of our stock may discourage, delay
or prevent a third party from acquiring control of us during the
two-year period ending July 2012 in a transaction that stockholders
might consider favorable; the effects of increased expenses incurred due
to activities related to the integration of the Acquired Business; our
ability to maintain relationships with customers, employees or
suppliers; the effects of greater than anticipated competition requiring
new pricing, marketing strategies or new product or service offerings
and the risk that we will not respond on a timely or profitable basis;
reductions in the number of our access lines that cannot be offset by
increases in High-Speed Internet (HSI) subscribers and sales of other
products and services; the effects of ongoing changes in the regulation
of the communications industry as a result of federal and state
legislation and regulation, or changes in the enforcement or
interpretation of such legislation and regulation; the effects of any
unfavorable outcome with respect to any current or future legal,
governmental or regulatory proceedings, audits or disputes; the effects
of changes in the availability of federal and state universal funding to
us and our competitors; the effects of competition from cable, wireless
and other wireline carriers; our ability to adjust successfully to
changes in the communications industry and to implement strategies for
growth; continued reductions in switched access revenues as a result of
regulation, competition or technology substitutions; our ability to
effectively manage service quality in our territories and meet mandated
service quality metrics; our ability to successfully introduce new
product offerings, including our ability to offer bundled service
packages on terms that are both profitable to us and attractive to
customers; changes in accounting policies or practices adopted
voluntarily or as required by generally accepted accounting principles
or regulations; our ability to effectively manage our operations,
operating expenses and capital expenditures, and to repay, reduce or
refinance our debt; the effects of changes in both general and local
economic conditions on the markets that we serve, which can affect
demand for our products and services, customer purchasing decisions,
collectability of revenues and required levels of capital expenditures
related to new construction of residences and businesses; the effects of
technological changes and competition on our capital expenditures and
product and service offerings, including the lack of assurance that our
network improvements will be sufficient to meet or exceed the
capabilities and quality of competing networks; the effects of increased
medical and pension expenses and related funding requirements; changes
in income tax rates, tax laws, regulations or rulings, or federal or
state tax assessments; the effects of state regulatory cash management
practices that could limit our ability to transfer cash among our
subsidiaries or dividend funds up to the parent company; our ability to
successfully renegotiate union contracts expiring in 2012 and
thereafter; changes in pension plan assumptions and/or the value of our
pension plan assets, which would require us to make increased
contributions to the pension plan in 2013 and beyond; the effects of
customer bankruptcies and home foreclosures, which could result in
difficulty in collection of revenues and loss of customers; adverse
changes in the credit markets or in the ratings given to our debt
securities by nationally accredited ratings organizations, which could
limit or restrict the availability, or increase the cost, of financing;
limitations on the amount of capital stock that we can issue to make
acquisitions or to raise additional capital until July 2012; our ability
to pay dividends on our common shares, which may be affected by our cash
flow from operations, amount of capital expenditures, debt service
requirements, cash paid for income taxes and liquidity; and the effects
of severe weather events such as hurricanes, tornados, ice storms or
other natural or man-made disasters. These and other uncertainties
related to our business are described in greater detail in our filings
with the Securities and Exchange Commission, including our report on
Form 10-K, and the foregoing information should be read in conjunction
with these filings. We undertake no obligation to publicly update or
revise any forward-looking statements or to make any other
forward-looking statement, whether as a result of new information,
future events or otherwise unless required to do so by securities laws.

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