Frontier Communications up 2.3% with labor deal in Texas and Missouri

• Frontier Communications (FTR) is up 2.3% as the company says it has a deal with the Communications Workers of America in Texas and Missouri, ahead of its takeover of Verizon wireline assets in Texas.
• Frontier is also assuming wireline operations in California and Florida, and on Monday announced a deal with the CWA in California.
• The CWA represents 2,000 Verizon workers in Texas and Missouri. As in California, Frontier will honor and extend existing agreements for two years, along with wage increases each year.
• It's also adding 60 new union jobs and giving union employees 100 shares of restricted stock on the transaction's closing.
• Previously: Frontier Communications +1.2%, comes to deal with California union (Jul. 27 2015)