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Frontier Communications shareholders have agreed on a deal with Verizon.
CHARLESTON -- Frontier Communications has approved a deal with Verizon.
Shareholders of Connecticut-based Frontier shareholders voted Tuesday to approve the deal to purchase all of Verizon's land line operations in West Virginia and 13 other states. Frontier also wants to increase the company's stock shares. The West Virginia Public Service Commission still has to approve the deal.
Earlier this month, the proposed sale of Verizon's land lines to Frontier Communications was criticized by Verizon employees who were concerned about their jobs once the purchase is finalized.
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