Frontier sets transition plans for Verizon wireline takeover

• Frontier Communications (FTR +1.4%) says it's worked out a cutover plan to ensure no service disruption in its assumption of Verizon's wireline properties in California, Florida and Texas.
• The company laid out 140 individual functional plans in an FCC filing, which include detailed tests and training for current Verizon employees on handling the closing with customers.
• The move involves preparation to deal with legacy GTE back-office systems in the three states. Frontier has some experience there; in 2010, it integrated Verizon operations in 14 states using similar back-office systems.
• Since reaching a $10.5B deal to acquire the Verizon wirelines assets in early February, Frontier shares have dropped by a third -- particularly in May, where they lost 26% of market value.
• Previously: Verizon confirms sale of wireline assets for $10B to Frontier (Feb. 05 2015)