CHARLESTON -- There's a cloud of concern hovering over some Verizon employees, wondering about their future if Frontier Communications buys Verizon.
"Very concerned not just for my job, for the security of my job, but I'm really concerned for the consumer of West Virginia," said Rick Cox, a Verizon employee.
The pros and cons of the deal were discussed Wednesday evening in thestate House of Delegates chambers, with one lawmaker asking specifically about job security
"I don't know what people we are getting. The technicians, I can tell you the technicians in the field, yes, at a minimum 18 months be guaranteed a job," said Ken Arndt, Senior Vice President with Frontier Communications.
Frontier is offering $8.5 billion for Verizon. The transaction covers 14 states with West Virginia being the biggest, but the question still remains in some minds, can Frontier afford to invest in West Virginia?
"Our financial analysts come up with different results than their financial analysts come up with. At the end of the day they're going to be strapped with 8 billion dollars worth of debt. Their business model is they pay out in dividends more than they earn, and it doesn't sustain itself," said Ron Collins, vice president for the Communications Workers of America. That union is speaking out against the proposed sale.
Arndt said if the deal becomes a reality, Frontier will double its debt while tripling its revenues.
"We view West Virginia as a growth opportunity, and with those opportunities come growth in jobs, growth in investment in broadband and new technologies that may not exist here today," said Arndt.
The next step in the process is a public hearing before the West Virginia Public Service Commission to take place Jan. 12.