Frontier Communications (NASDAQ: FTR) has seen its plan to become a bigger player in the pay television and internet space hit a major roadblock.
The company completed its $10.54 billion purchase of Verizon‘s (NYSE: VZ) wireline business in California, Texas, and Florida (CTF) in April. That deal gave it approximately 3.3 million voice connections, 2.1 million broadband connections, and 1.2 million FiOS video subscribers. Essentially, that was enough to turn a regional player into a national company.