WaveDivision and Searchlight to Acquire Frontier Communications Operations for $1.35 Billion

Paul, Weiss is representing the private equity joint venture of WaveDivision Capital LLC and Searchlight Capital Partners LLC in their $1.35 billion acquisition of Frontier Communications’ Washington, Oregon, Idaho and Montana operations. The deal is expected to be completed within one year. Frontier Communications is a leading provider of internet, TV and phone services to business and residential customers.

The Paul, Weiss team includes, among others, corporate partners Angelo Bonvino, Matthew Goldstein, Eric Goodison, John Kennedy, Brian Kim and Brian Lavin and counsel Gabriella Toossi, Patricia Vaz de Almeida and Nathan Sawyer; intellectual property partner Chuck Googe; tax partner David Sicular; litigation partners Geoffrey Chepiga, Lewis Clayton and Daniel Mason and counsel Peter Jaffe; real estate partner Mitchell Berg; bankruptcy partner Alice Eaton and counsel Sarah Harnett; entertainment counsel Carolyn Casselman; international trade counsel Richard Elliott; antitrust counsel Marta Kelly and Yuni Sobel; and environmental counsel William O’Brien.