WaveDivision Capital, LLC And Searchlight Capital Partners, LLC’s $1.35 Billion Acquisition Of Frontier Operations And Associated Assets

Cravath represented Frontier in connection with the transaction.

Frontier Communications Corporation (“Frontier”) announced it has entered into an agreement to sell its operations and all associated assets in Idaho, Montana, Oregon and Washington to WaveDivision Capital, LLC in partnership with Searchlight Capital Partners, LLC for $1.352 billion in cash.

Frontier Communications Corporation provides communications services to consumer, commercial, and wholesale customers in the United States.

The Cravath team was led by partners Robert I. Townsend III and Keith Hallam and included associates Matthew G. Jones, Nathan H. Trunnell, Alexander Lee Abelson and Kyra E. Ferber and foreign associate attorney Yuta Mizuno on M&A matters; partners William V. Fogg and Stephen M. Kessing on finance matters; partner Christopher K. Fargo and associate Cecily Xi on tax matters; partner Eric W. Hilfers, senior attorney Nicole F. Foster and associate Sally Ye on executive compensation and benefits matters; partner David J. Kappos and associates Miling Y. Harrington and Somi A. Umolu on intellectual property matters; partner Matthew Morreale on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Summer associate Armin Hoss also worked on M&A matters.

Involved fees earner: Alexander Lee Abelson – Cravath Swaine & Moore; Brian Budnick – Cravath Swaine & Moore; Christopher K. Fargo – Cravath Swaine & Moore; Kyra Ferber – Cravath Swaine & Moore; William Fogg – Cravath Swaine & Moore; Nicole Foster – Cravath Swaine & Moore; Keith Hallam – Cravath Swaine & Moore; Miling Harrington – Cravath Swaine & Moore; Eric Hilfers – Cravath Swaine & Moore; Armin Hoss – Cravath Swaine & Moore; Matthew Jones – Cravath Swaine & Moore; David Kappos – Cravath Swaine & Moore; Stephen Kessing – Cravath Swaine & Moore; Yuta Mizuno – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Robert Townsend III – Cravath Swaine & Moore; Somi Umolu – Cravath Swaine & Moore; Cecily Xi – Cravath Swaine & Moore; Sally Ye – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Frontier Communications Corporation ;

Author: Ambrogio Visconti