May 29, 2019 / 1:34 PM / 9 months ago

Frontier Communications to sell some assets for $1.35 billion

May 29 (Reuters) - Telecom service provider Frontier Communications Corp said on Wednesday it would sell its assets in some U.S. states to investment firms WaveDivision Capital LLC and Searchlight Capital Partners LLC for $1.35 billion.

Shares of the company jumped 17.3% to $2.03 in premarket trading. (Reporting by Vibhuti Sharma in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below