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Frontier Communications ILEC Holdings
Frontier Communications ILEC Holdings, Inc. is a company created by Verizon Communications in 2009. History The company, sold to Frontier Communications on July 1, 2010, serves as a holding company for former Bell System, Contel, and GTE telephone operating companies that were owned by Verizon prior to July 1, 2010. The company was set up to allow for a Reverse Morris Trust merger, allowing Verizon to spin-off the company to Frontier tax-free. Its primary purpose was to transfer Frontier ILEC Holdings as well as Verizon debt that Frontier was to assume. Once the purchase was completed, the relevant subsidiary company names were changed to reflect Frontier ownership. Subsidiary companies The company was founded as New Communications ILEC Holdings, Inc. to own the following companies transferred from Verizon and GTE: *Contel of the South * New Communications of the Carolinas (split from Verizon South) * New Communications of the Southwest (split from Verizon California) *Ver ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Verizon South
Verizon South, Inc. is a Verizon operating company providing local telephone services to portions of Virginia and North Carolina in the United States. History Verizon South was originally established in 1947 as The Bluefield Telephone Corporation, providing telephone service to communities in Virginia including its namesake Bluefield. The company's first president was R.A. Phillips and was formally incorporated by Judson Large, Dean A. Esling, Richard L. Merrick, William W. Darrow, and Roland K. Smith, Jr. The company changed its name to Bluefield Telephone Company on January 16, 1948. Acquisition by GTE Bluefield Telephone was acquired by GTE and in 1954 changed its name to General Telephone Company of the Southeast on June 25, 1954. The company began expansion under GTE ownership, absorbing a large group of telephone companies acquired in 1957. These companies included Durham Telephone Company of North Carolina, Georgia Continental Telephone Company, South Carolina Conti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frontier West Virginia
Frontier West Virginia, Inc. is one of the original Bell Operating Companies and provides local telephone service in the U.S. state of West Virginia. History The Chesapeake and Potomac Telephone Company of West Virginia, originally part of the Bell System, was founded on January 1, 1917. C&P of WV took over telephone operations in West Virginia being served by Central District and Printing Telegraph Company, Southern Bell, and The Chesapeake and Potomac Telephone Company of Maryland. Dial service was first introduced by C&P of West Virginia in 1925 to the Huntington central office. Bell Atlantic ownership In 1984, The Chesapeake and Potomac Telephone Company of West Virginia became a holding of Bell Atlantic, upon the divestiture of the Bell System by AT&T. Charleston became the first city in the United States to have a choice of long-distance companies. By dialing "1" plus the area code and number, they could choose their long-distance carrier. Charleston was the nation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Verizon West Coast
Frontier Communications West Coast, Inc. was a local telephone operating company owned by Frontier Communications through Frontier Communications Northwest serving the area around Crescent City, in Del Norte County, California. It was founded in 1928 as the New West Coast Telephone Company. It later changed its name to West Coast Telephone Company of California, Inc., and was most recently known as Verizon West Coast, Inc. until 2010. Upon its sale to Frontier Communications, the company gained its last name, Frontier Communications West Coast, Inc. It was merged into Citizens Telecommunications Company of California Citizens Telecommunications Company of California Inc. is a telephone operating company of Frontier Communications based in Elk Grove, California. It was established in 1993 to acquire 5,000 access lines from GTE. In 1996, it acquired 20,000 acce ... in 2013. References {{reflist Frontier Communications Communications in California Telecommunications co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Verizon Northwest
Northwest Fiber, LLC, doing business as Ziply Fiber, is an American telecommunications company based in Kirkland, Washington. Ziply is a subsidiary of WaveDivision Capital, a private investment company, which is also Kirkland-based. The company started operations on May 1, 2020 when it completed its acquisition of Frontier Communications‘ Northwest operations and assets for $1.4 billion; Frontier sold its Northwest operations after filing for bankruptcy protection in April 2020. Ziply Fiber's footprint covers the Pacific Northwest region, specifically the states of Washington, Oregon, Idaho and Montana. Its key offerings include Fiber internet and phone for residential customers, Business Fiber Internet, and Ziply Voice services for small businesses; and a variety of internet, networking and voice solutions for enterprise customers. The company will also continue to support DSL and grandfathered TV customers. Ziply has stated that it plans on investing $500 million to improve it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Verizon North
Verizon North LLC is a Verizon operating company providing local telephone service to former GTE customers in Pennsylvania. History In 2010, when the original Verizon North, whose service region included Pennsylvania, was sold to Frontier Communications, the original company became Frontier North, with the Pennsylvania operations split into a new company, Verizon North Retain Company. The current company, Verizon North LLC, was created in December 2010 and absorbed the operations of Verizon North Retain Co. It is separate from Verizon Pennsylvania which provides telephone service to former Bell System The Bell System was a system of telecommunication companies, led by the Bell Telephone Company and later by the American Telephone and Telegraph Company (AT&T), that dominated the telephone services industry in North America for over one hundr ... lines. References {{Verizon Verizon Communications Telecommunications companies established in 2010 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Verizon California
Frontier California, Inc. is a Frontier Communications-owned operating company providing telephone service in former Verizon regions. This included Southern California cities such as Long Beach, Seal Beach, Lakewood, Norwalk and Santa Monica. History GTE was originally the largest non- Bell System telephone company, and the number-two telephone service provider in the United States. It entered California by acquiring the Associated Telephone Company in 1926. It would later merge with Western Utilities Corporation and its affiliates in 1964; the number-three (non-Bell System) provider, Continental Telephone (ConTel), in 1991; and former Bell System member Bell Atlantic in 2000. GTE was made up of many small " mom and pop" telephone companies that had been purchased to form the General Telephone System, this led the California Public Utilities Commission, in the mid-1960s to proclaim GTE "the worst telephone company in California, bar none." However, in the years following th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frontier Communications Of The Southwest
Frontier Communications of the Southwest Inc. is a Frontier Communications operating company providing local telephone services to former Verizon California territory in Arizona, California, and Nevada. The company was created as a subsidiary of New Communications ILEC Holdings by Verizon in 2009 and sold on July 1, 2010 to Frontier. The predecessors of Frontier Communications of the Southwest were two rural telephone companies: Parker Valley Telephone of Parker, Arizona and United Farmers Telephone of Gardnerville, Nevada. Contel acquired Parker Valley Telephone in 1964 United Farmers Telephone of Gardnerville merged with Interstate Telegraph in 1949. California Interstate Telephone acquired Interstate Telegraph in 1954. Contel acquired California Interstate Telephone in 1965. Both became part of Contel of California. Contel of California was merged into GTE California (later Verizon California) in 1993. The exchanges operated by Frontier Communications of the Southwest are: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frontier Communications Of The Carolinas
Frontier Communications of the Carolinas LLC is an operating company created in 2009 when some assets of Verizon South were split off and sold to Frontier Communications. The company provides local telephone service to former Verizon (formerly GTE and Contel) customers in portions of southern Wisconsin, Illinois, South Carolina, and North Carolina. The company was established in 2009 as New Communications of the Carolinas, Inc. in preparation for the spin-off of Verizon South located outside of the state of Virginia and Knotts Island, North Carolina. When the company was acquired by Frontier, it became the operator of the former Verizon South lines and the name was changed to Frontier Communications of the Carolinas, Inc. The company was converted to a limited liability company A limited liability company (LLC for short) is the United States of America, US-specific form of a private limited company. It is a business structure that can combine the Flow-through entity, pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frontier Communications
Frontier Communications Parent, Inc. (known as Citizens Utilities Company until May 2000 and Citizens Communications Company until July 31, 2008) is an American telecommunications company. The company previously served primarily rural areas and smaller communities, but now also serves several large metropolitan markets. In addition to local and long-distance telephone service, Frontier offers broadband Internet, digital television service, and computer technical support to residential and business customers in 29 states in the United States. Frontier has 3,069,000 broadband Internet subscribers and 485,000 video subscribers. The company filed for bankruptcy in April 2020. History Originally based in Minneapolis, Citizens Utilities Company was formed from remnants of Public Utilities Consolidated Corporation, owned by Wilbur B. Foshay, in 1935. As the post- war years started, the company caught the interest of a New York investor. Thirty-year-old Richard Rosenthal was named pres ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contel Of The South Pioneer Howard Frank (computer scientist) served as president and CEO of Contel Information Systems, a subsidiary of Contel Corporation from 1969 until 1985.
ConTel Corporation (Continental Telephone) was the third largest independent phone company in the United States prior to the 1996 telecom deregulation. It was acquired by GTE in 1991. History In 1980, Contel purchased Network Analysis Corp, then the largest information technology consulting company in the world. As a result of this purchase, future Internet Hall of Fame The Internet Hall of Fame is an honorary lifetime achievement award administered by the Internet Society (ISOC) in recognition of individuals who have made significant contributions to the development and advancement of the Internet. Subsidiaries Subsidiaries o ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reverse Morris Trust
A Reverse Morris Trust in United States law is a transaction that combines a divisive reorganization (spin-off) with an acquisitive reorganization ( statutory merger) to allow a tax-free transfer (in the guise of a merger) of a subsidiary. It may be especially useful when one publicly-traded C-corporation wants to sell an asset of at least $1 billion to another publicly-traded C-corporation. Structure A Reverse Morris Trust is used when a parent company has a subsidiary (sub-company) that it wants to sell in a tax-efficient manner. The parent company completes a spin-off of a subsidiary to the parent company's shareholders. Under Internal Revenue Code section 355, this could be tax-free if certain criteria are met. The former subsidiary (now owned by the parent company's shareholders, but separate from the parent company) then merges with a target company to create a merged company. Under Internal Revenue Code section 368(a)(1)(A), this transaction could be largely tax-free if ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
