Frontier Communications was originally founded under the name Citizens Utility Company in 1927. The company provides telephone, cable television, and internet services for many rural areas and those in smaller communities. Frontier Communications is the 6th largest local exchange carrier in the U.S. and the 5th largest internet provider. The company changed its name to Frontier Communications in May 2008.
In May 2009, Frontier Communications purchased Verizon landlines for $8.6 billion. In February of 2015, the company announced an agreement with Verizon to acquire their internet and FIOs service. The company also purchased AT&T’s U-Verse, satellites, internet and landline phones in late 2014.
Today, Frontier Communications employs more than 18,000 people and had annual revenue in 2016 of $8.9 billion. The company is publicly traded on the NASDQ exchange under the ticker symbol: FTR.