Agreement Incorporated to Motivate Workforce - Report on Frontier Communications Corporation

NEW YORK, September 14, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Frontier Communications Corporation (NASDAQ: FTR). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=FTR

Highlights from our FTR Report include:

• Frontier Communications & CWA reach agreement - In a July 31, 2015 press release, Frontier Communications Corporation reported that following the negotiations the Company has reached an agreement with the Communications Workers of America District 6 (CWA) as the Company finalizes its acquisition of Verizon's wireline assets in California, Texas, and Florida. This agreement is expected to benefit CWA-represented employees in Texas and Missouri and Frontier's future customers in Texas.

• Terms of the Agreement - Under the terms of the agreement, Frontier has agreed to extend current collective bargaining agreements for two years, which translates to the addition of 60 new union-represented jobs in Texas and Missouri and a commitment to employ a 100% US-based workforce. The terms also included significant job security measures, an extension of the current contract for an additional two years, wage increases for each year, technician job upgrades and operational flexibility to enhance the service experience for customers. In addition to that, upon the closing of the transaction, all union employees will receive 100 shares of Frontier restricted stock which would demonstrate Frontier's commitment to its newest employees and their ownership in the company's success.

• Benefits of the agreement - The CWA, representing 2,000 Verizon employees in Texas and Missouri, supports the proposed acquisition and believes approval of this transaction is in the public and employees interest. This agreement provides the workforce in both states assurances for the acquisition. The release also informed that the agreement also includes operational benefits to allow Frontier to implement its local engagement model in the Texas markets.

• Management outlook - Quite pleased with the professionalism and progress made during this latest set of negotiations, Daniel J. McCarthy, President and CEO of Frontier stated, "We value our positive relationships with our employees and their unions and rely on them to help us live up to our goal to `Put the Customer First'." He further added, "Our discussions with the CWA about this acquisition have been beneficial to union-represented workers and will ultimately benefit Frontier's customers in Texas, California and Florida. We look forward to building a strong partnership in the years ahead."

To find out how this influences our rating on Frontier Communications Corporation, read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=FTR

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