Frontier Communications Corp. completed the conversion of all systems it acquired in its 2010 deal to take over Verizon Communications Inc. accounts in 14 states.
The 2010 deal with New York City-based Verizon nearly tripled the size of Frontier, which has its corporate headquarters in Stamford. Frontier said it converted systems nine months ahead of schedule, with the process involving 2 million accounts and 7,000 employees.
“We get to eliminate a lot of the costs right after the actual system conversion takes place,” said Frontier CEO Maggie Wilderotter in a February conference call with investment analysts. “A lot of that is overhead contractor costs for the conversion itself. And by the June time frame, we will have eliminated the software payments to Verizon as well, which is a big issue here.”
