AT&T has inked a deal with Frontier Communications to net some serious cash.
The wireless carrier on Tuesday announced that it plans to sell its wireline business in Connecticut to Frontier Communications for $2 billion in cash. Frontier offers communications services to residential and commercial customers.
AT&T's decision to sell its Connecticut wireline business reflects a changing focus for the company. Over the last few years, its wireline operation has been deteriorating as traditional phone service has declined and business customers have opted for newer, wireless technologies. AT&T's wireless business, meanwhile, has … Read more