Frontier Communications’ $1.35 Billion Sale of Operations in Idaho, Montana, Oregon and Washington

On May 29, 2019, Frontier Communications Corporation (“Frontier”) announced it has entered into an agreement to sell its operations and all associated assets in Idaho, Montana, Oregon and Washington to WaveDivision Capital, LLC in partnership with Searchlight Capital Partners, LLC for $1.352 billion in cash. Cravath is representing Frontier in connection with the transaction.

The Cravath team is led by partner Robert I. Townsend III and includes associates Matthew G. Jones, Nathan H. Trunnell, Alexander Lee Abelson and Kyra E. Ferber and foreign associate attorney Yuta Mizuno on M&A matters; partners William V. Fogg and Stephen M. Kessing on finance matters; partner Christopher K. Fargo and associate Cecily Xi on tax matters; partner Eric W. Hilfers and associate Sally Ye on executive compensation and benefits matters; partner David J. Kappos and associates Miling Y. Harrington and Somi A. Umolu on intellectual property matters; partner Matthew Morreale on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Summer associate Armin Hoss also worked on M&A matters.