|   | Exhibit 99.1       |
|--------|-------------------------|
|   | Frontier Communications |
|   | 3 High Ridge Park       |
|   | Stamford, CT 06905      |
|   | 203.614.5600            |
|   | www.frontier.com        |

|                              | •  Successful completion of transformational transaction with    Verizon on July 1, 2010                                                                               |
|-----------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                              | •  Projected combined annual revenues in excess of $6 billion    with $5.2 billion in Frontier common shares issued and $3.5    billion of debt assumed |
|  Frontier Legacy Operations: |
|                              | •  Continued strong operating income and cash flow margins                                                                                                                                      |
|                              | •  Second quarter operating cash flow margin of 54%, as adjusted                                                                                                                                |
|                              | •  Second quarter dividend payout ratio of 58% of free cash flow                                                                                                                                |

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| INVESTOR CONTACTS:                |                           |   | MEDIA CONTACT:                |
|-----------------------------------|--------------------------------|--------|-------------------------------|
| David Whitehouse                  | Gregory Lundberg               |   | Brigid Smith                  |
| SVP & Treasurer               | Director, Investor Relations   |   | AVP Corporate Communications  |
| (203) 614-5708                    | (203) 614-5044                 |   | (203) 614-5042                |
| david.whitehouse@frontiercorp.com | greg.lundberg@frontiercorp.com |   | brigid.smith@frontiercorp.com |
|                              |                           |   |                          |

----

| Frontier Communications Corporation                                                               |
|---------------------------------------------------------------------------------------------------|
| Consolidated Financial Data                                                                       |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |   | For the quarter ended |   |   |   |   |   | For the six months ended |   |   |   |   |
|                                                                                              |   |   | June 30, |   |   | % |   |   | June 30, |   |   | % |   |
| (Amounts in thousands, except per share amounts)                                                  |   | 2010 |   |   | 2009 |   |   | Change |   |   | 2010 |   |   | 2009 |   |   | Change |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income Statement Data                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Revenue                                                                               |   | $ | 516,137 |   |   | $ | 532,142 |   |   |   | (3 | )% |   | $ | 1,035,986 |   |   | $ | 1,070,098 |   |   |   | (3 | )% |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Network access expenses                                                               |   |   | 53,139 |   |   |   | 59,203 |   |   |   | (10 | )% |   |   | 106,682 |   |   |   | 119,887 |   |   |   | (11 | )% |
|   Other operating expenses                                                              |   |   | 189,649 |   |   |   | 192,754 |   |   |   | (2 | )% |   |   | 382,674 |   |   |   | 392,958 |   |   |   | (3 | )% |
|   Depreciation and amortization                                                         |   |   | 99,974 |   |   |   | 132,818 |   |   |   | (25 | )% |   |   | 201,023 |   |   |   | 270,376 |   |   |   | (26 | )% |
|   Acquisition and integration costs (1)                                                 |   |   | 36,964 |   |   |   | 10,751 |   |   |   | 244 | % |   |   | 47,334 |   |   |   | 10,751 |   |   |   | 340 | % |
|   Total operating expenses                                                              |   |   | 379,726 |   |   |   | 395,526 |   |   |   | (4 | )% |   |   | 737,713 |   |   |   | 793,972 |   |   |   | (7 | )% |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Operating income                                                                      |   |   | 136,411 |   |   |   | 136,616 |   |   |   | 0 | % |   |   | 298,273 |   |   |   | 276,126 |   |   |   | 8 | % |
|   Investment and other income, net (2)                                                  |   |   | 9,834 |   |   |   | 4,618 |   |   |   | 113 | % |   |   | 17,287 |   |   |   | 12,865 |   |   |   | 34 | % |
|   Interest expense                                                                      |   |   | 93,968 |   |   |   | 98,670 |   |   |   | (5 | )% |   |   | 187,755 |   |   |   | 187,419 |   |   |   | 0 | % |
|   Income before income taxes                                                            |   |   | 52,277 |   |   |   | 42,564 |   |   |   | 23 | % |   |   | 127,805 |   |   |   | 101,572 |   |   |   | 26 | % |
|   Income tax expense                                                                    |   |   | 16,338 |   |   |   | 14,254 |   |   |   | 15 | % |   |   | 48,394 |   |   |   | 36,307 |   |   |   | 33 | % |
| Net income (1)                                                                                    |   |   | 35,939 |   |   |   | 28,310 |   |   |   | 27 | % |   |   | 79,411 |   |   |   | 65,265 |   |   |   | 22 | % |
| Less:  Income attributable to the noncontrolling    interest in a partnership |   |   | 818 |   |   |   | 392 |   |   |   | 109 | %  |   |   | 1,725 |   |   |   | 1,044 |   |   |   | 65 | % |
| Net income attributable to common shareholders    of Frontier (1)                       |   | $ | 35,121 |   |   | $ | 27,918 |   |   |   | 26 | % |   | $ | 77,686 |   |   | $ | 64,221 |   |   |   | 21 | % |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding                                                               |   |   | 310,664 |   |   |   | 310,095 |   |   |   | 0 | % |   |   | 310,512 |   |   |   | 309,943 |   |   |   | 0 | % |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic net income per share attributable to                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                              | common shareholders of Frontier (1) (3) |   | $ | 0.11 |   |   | $ | 0.09 |   |   |   | 22 | % |   | $ | 0.25 |   |   | $ | 0.20 |   |   |   | 25 | % |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Financial Data                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital expenditures - Business operations                                                        |   | $ | 53,423 |   |   | $ | 53,185 |   |   |   | 0 | % |   | $ | 93,350 |   |   | $ | 107,757 |   |   |   | (13 | )% |
| Capital expenditures - Integration activities                                                     |   |   | 32,674 |   |   |   | 2,607 |   |   | NM |   |   |   | 62,353 |   |   |   | 2,607 |   |   | NM |   |
| Operating cash flow, as adjusted (4)                                                              |   |   | 278,756 |   |   |   | 288,404 |   |   |   | (3 | )% |   |   | 559,502 |   |   |   | 576,274 |   |   |   | (3 | )% |
| Free cash flow (4)                                                                                |   |   | 134,201 |   |   |   | 100,686 |   |   |   | 33 | % |   |   | 286,250 |   |   |   | 246,834 |   |   |   | 16 | % |
| Dividends paid                                                                                    |   |   | 78,351 |   |   |   | 78,099 |   |   |   | 0 | % |   |   | 156,706 |   |   |   | 156,184 |   |   |   | 0 | % |
| Dividend payout ratio (5)                                                                         |   |   | 58 | % |   |   | 78 | % |   |   | (25 | )% |   |   | 55 | % |   |   | 63 | % |   |   | (13 | )% |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)                                                                                               | Includes acquisition and integration costs of $37.0 million ($23.1 million or $0.08 per share after tax) and $47.3 million ($29.6 million or $0.09 per share after tax) for the quarter and six months ended June 30, 2010, respectively. Basic net income per share attributable to common shareholders of Frontier, as adjusted to exclude acquisition and integration costs, was $0.19 per share and $0.34 per share for the quarter and six months ended June 30, 2010, respectively. |   |
| (2)                                                                                               | Includes gain on debt repurchases of $3.7 million for the quarter and six months ended June 30, 2009. |   |   |
| (3)                                                                                               | Calculated based on weighted average shares outstanding. |   |   |   |   |   |   |   |   |   |   |
| (4)                                                                                               | A reconciliation to the most comparable GAAP measure is presented in Schedules A and B at the end of these tables. |   |   |
| (5)                                                                                               | Represents dividends paid divided by free cash flow, as defined in Schedule A. |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|  Frontier Communications Corporation |
|-------------------------------------------|
| Consolidated Financial and Operating Data |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   | For the quarter ended |   |   |   |   |   | For the six months ended |   |   |   |   |   |   |
|                                      |   |   |   | June 30, |   |   | % |   |   | June 30, |   |   |   |   | % |   |
| (Amounts in thousands)                    |   | 2010 |   |   | 2009 |   |   | Change |   |   | 2010 |   |   | 2009 |   |   |   |   | Change |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Selected Income Statement Data            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenue                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | Local and long distance services |   | $ | 223,281 |   |   | $ | 238,856 |  (1) |   |   | (7 | )% |   | $ | 446,862 |   |   | $ | 481,164 |   (1) |   |   |   | (7 | )% |
|                                      |   | Data and internet services |   |   | 166,349 |   |   |   | 160,997 |  (1) |   |   | 3 | % |   |   | 329,717 |   |   |   | 317,727 |   (1) |   |   |   | 4 | % |
|                                      |   | Switched access and subsidy |   |   | 80,287 |   |   |   | 87,427 |   |   |   | (8 | )% |   |   | 169,071 |   |   |   | 177,492 |   |   |   |   | (5 | )% |
|                                      |   | Directory services |   |   | 24,334 |   |   |   | 27,211 |   |   |   | (11 | )% |   |   | 48,951 |   |   |   | 54,916 |   |   |   |   | (11 | )% |
|                                      |   | Other |   |   | 21,886 |   |   |   | 17,651 |  (1) |   |   | 24 | % |   |   | 41,385 |   |   |   | 38,799 |  (1) |   |   |   | 7 | % |
| Total revenue                             |   |   | 516,137 |   |   |   | 532,142 |   |   |   | (3 | )% |   |   | 1,035,986 |   |   |   | 1,070,098 |   |   |   |   | (3 | )% |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | Network access expenses |   |   | 53,139 |   |   |   | 59,203 |   |   |   | (10 | )% |   |   | 106,682 |   |   |   | 119,887 |   |   |   |   | (11 | )% |
|                                      |   | Other operating expenses (2) |   |   | 189,649 |   |   |   | 192,754 |   |   |   | (2 | )% |   |   | 382,674 |   |   |   | 392,958 |   |   |   |   | (3 | )% |
|                                      |   | Depreciation and amortization |   |   | 99,974 |   |   |   | 132,818 |   |   |   | (25 | )% |   |   | 201,023 |   |   |   | 270,376 |   |   |   |   | (26 | )% |
|                                      |   | Acquisition and integration costs |   |   | 36,964 |   |   |   | 10,751 |   |   |   | 244 |  % |   |   | 47,334 |   |   |   | 10,751 |   |   |   |   | 340 | % |
| Total operating expenses                  |   |   | 379,726 |   |   |   | 395,526 |   |   |   | (4 | )% |   |   | 737,713 |   |   |   | 793,972 |   |   |   |   | (7 | )% |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Income                          |   | $ | 136,411 |   |   | $ | 136,616 |   |   |   | 0 | % |   | $ | 298,273 |   |   | $ | 276,126 |   |   |   |   | 8 | % |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Financial Data                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenue:                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |    Residential |   | $ | 220,934 |   |   | $ | 227,580 |   |   |   | (3 | )% |   | $ | 441,330 |   |   | $ | 458,046 |   |   |   |   | (4 | )% |
|                                      |   |    Business |   |   | 214,916 |   |   |   | 217,135 |   |   |   | (1 | )% |   |   | 425,585 |   |   |   | 434,560 |   |   |   |   | (2 | )% |
|                                      |   |           Total customer revenue |   |   | 435,850 |   |   |   | 444,715 |   |   |   | (2 | )% |   |   | 866,915 |   |   |   | 892,606 |   |   |   |   | (3 | )% |
|                                      |   |    Regulatory (Switched access and        subsidy) |   |   | 80,287 |   |   |   | 87,427 |   |   |   | (8 | )% |   |   | 169,071 |   |   |   | 177,492 |   |   |   |   | (5 | )% |
| Total revenue                             |   | $ | 516,137 |   |   | $ | 532,142 |   |   |   | (3 | )% |   | $ | 1,035,986 |   |   | $ | 1,070,098 |   |   |   |   | (3 | )% |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | (1) | Reflects the reclassification of Long distance services revenue of $40.6 million and $82.0 million to Local and long distance services revenue for the quarter and six months ended June 30, 2009, respectively. Reflects the reclassification of wireless data revenue of $0.5 million and $0.8 million from Other revenue to Data and internet services revenue for the quarter and six months ended June 30, 2009, respectively. |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | (2) | Includes pension expense, net of capitalized amounts, of $7.4 million and $8.2 million for the quarters ended June 30, 2010 and 2009, respectively, and $14.8 million and $16.5 million for the six months ended June 30, 2010 and 2009, respectively. Includes severance and early retirement costs of $0.6 million for the quarter ended June 30, 2010, and $0.7 million and $2.6 million for the six months ended June 30, 2010 and 2009, respectively. |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Frontier Communications Corporation           |                                                                                                                                                                                                                                   |
|-----------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Consolidated Financial and Operating Data     |                                                                                                                                                                                                                                   |
|                                          |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |                                                                                                                                                                                                                                   |   | For the quarter ended |   |   |   |   |   | For the six months ended |   |   |   |   |
|                                          |                                                                                                                                                                                                                                   |   | June 30, |   |   | % |   |   | June 30, |   |   | % |   |
| (Amounts in thousands, except operating data) |                                                                                                                                                                                                                                   | 2010 |   |   |   | 2009 |   |   | Change |   |   | 2010 |   |   |   | 2009 |   |   | Change |   |
|                                          |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Financial and Operating Data            |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Access lines:                                 |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          | Residential                                                                                                                                                                                                                            |   |   | 1,296,471 |   |   |   |   | 1,405,258 |   |   |   | (8 | )% |   |   | 1,296,471 |   |   |   |   | 1,405,258 |   |   |   | (8 | )% |
|                                          | Business                                                                                                                                                                                                                               |   |   | 755,548 |   |   |   |   | 783,869 |   |   |   | (4 | )% |   |   | 755,548 |   |   |   |   | 783,869 |   |   |   | (4 | )% |
| Total access lines                            |                                                                                                                                                                                                                                   |   | 2,052,019 |   |   |   |   | 2,189,127 |   |   |   | (6 | )% |   |   | 2,052,019 |   |   |   |   | 2,189,127 |   |   |   | (6 | )% |
|                                          |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential customer metrics:                 |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          | Customers                                                                                                                                                                                                                              |   |   | 1,206,599 |   |   |   |   | 1,304,244 |   |   |   | (7 | )% |   |   | 1,206,599 |   |   |   |   | 1,304,244 |   |   |   | (7 | )% |
|                                          | Revenue                                                                                                                                                                                                                                |   | $ | 220,934 |   |   |   | $ | 227,580 |   |   |   | (3 | )% |   | $ | 441,330 |   |   |   | $ | 458,046 |   |   |   | (4 | )% |
|                                          | Average monthly residential revenue per customer                                                                                                                                                                                  |   | $ | 60.44 |   |   |   | $ | 57.74 |   |   |   | 5 | % |   | $ | 59.78 |   |   |   | $ | 57.62 |   |   |   | 4 | % |
|                                          | Percent of customers on price protection plans                                                                                                                                                                                         |   |   | 56.8 | % |   |   |   | 49.6 | % |   |   | 15 | % |   |   | 56.8 | % |   |   |   | 49.6 | % |   |   | 15 | % |
|                                          | Customer monthly churn                                                                                                                                                                                                                 |   |   | 1.37 | % |   |   |   | 1.40 | % |   |   | (2 | )% |   |   | 1.37 | % |   |   |   | 1.45 | % |   |   | (6 | )% |
|                                          | Products per residential customer (1)                                                                                                                                                                                                  |   |   | 2.57 |   |   |   |   | 2.46 |   |   |   | 4 | % |   |   | 2.57 |   |   |   |   | 2.46 |   |   |   | 4 | % |
|                                          |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Business customer metrics:                    |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          | Customers                                                                                                                                                                                                                              |   |   | 138,528 |   |   |   |   | 146,833 |   |   |   | (6 | )% |   |   | 138,528 |   |   |   |   | 146,833 |   |   |   | (6 | )% |
|                                          | Revenue                                                                                                                                                                                                                                |   | $ | 214,916 |   |   |   | $ | 217,135 |   |   |   | (1 | )% |   | $ | 425,585 |   |   |   | $ | 434,560 |   |   |   | (2 | )% |
|                                          | Average monthly business revenue per customer                                                                                                                                                                                          |   | $ | 517.71 |   |   |   | $ | 487.83 |   |   |   | 6 | % |   | $ | 509.67 |   |   |   | $ | 483.15 |   |   |   | 5 | % |
|                                          |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other data:                                   |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          | Employees                                                                                                                                                                                                                              |   |   | 5,610 |   | (2) |   |   | 5,417 |   |   |   | 4 | % |   |   | 5,610 |   | (2) |   |   | 5,417 |   |   |   | 4 | % |
|                                          | High-Speed Internet (HSI) subscribers                                                                                                                                                                                                  |   |   | 647,487 |   |   |   |   | 613,810 |   |   |   | 5 | % |   |   | 647,487 |   |   |   |   | 613,810 |   |   |   | 5 | % |
|                                          | Video subscribers                                                                                                                                                                                                                      |   |   | 179,559 |   |   |   |   | 157,353 |   |   |   | 14 | % |   |   | 179,559 |   |   |   |   | 157,353 |   |   |   | 14 | % |
|                                          | Switched access minutes of use (in millions)                                                                                                                                                                                           |   |   | 2,021 |   |   |   |   | 2,213 |   |   |   | (9 | )% |   |   | 4,098 |   |   |   |   | 4,589 |   |   |   | (11 | )% |
|                                          | Average monthly total revenue per access line                                                                                                                                                                                          |   | $ | 83.22 |   |   |   | $ | 80.52 |   |   |   | 3 | % |   | $ | 82.85 |   |   |   | $ | 80.33 |   |   |   | 3 | % |
|                                          | Average monthly customer revenue per access line                                                                                                                                                                                       |   | $ | 70.27 |   |   |   | $ | 67.29 |   |   |   | 4 | % |   | $ | 69.33 |   |   |   | $ | 67.01 |   |   |   | 3 | % |
|                                          |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)                                           | Products per residential customer: primary residential voice line, HSI and video products have a value of 1. Frontier long distance, Frontier Peace of Mind, second lines, feature packages and dial-up have a value of 0.5. |   |
|                                          |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (2)                                           | Includes 255 employees hired in advance of the Verizon transaction that transferred into those properties effective with the merger on July 1, 2010.                                                                                   |   |
|                                          |                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Frontier Communications Corporation                   |   |
|-------------------------------------------------------|--------|
| Condensed Consolidated Balance Sheet Data             |   |
|                                                  |   |   |   |   |   |   |
| (Amounts in thousands)                                |   |   |   |   |   |   |
|                                                  |   |   |   |   |   |   |
|                                                  |   | June 30, 2010 |   |   | December 31, 2009 |   |
| ASSETS                                                |   |   |   |   |   |   |
| Current assets:                                       |   |   |   |   |   |   |
|   Cash and cash equivalents                      |   | $ | 231,155 |   |   | $ | 358,693 |   |
|   Transaction escrow                             |   |   | 125,518 |   |   |   | - |   |
|   Accounts receivable, net                       |   |   | 201,757 |   |   |   | 190,745 |   |
|   Other current assets                           |   |   | 81,880 |   |   |   | 130,642 |   |
|     Total current assets               |   |   | 640,310 |   |   |   | 680,080 |   |
|                                                  |   |   |   |   |   |   |   |   |
| Property, plant and equipment, net                    |   |   | 3,116,201 |   |   |   | 3,133,521 |   |
|                                                  |   |   |   |   |   |   |   |   |
| Other assets - principally goodwill                   |   |   | 3,039,311 |   |   |   | 3,064,654 |   |
| Total assets                                          |   | $ | 6,795,822 |   |   | $ | 6,878,255 |   |
|                                                  |   |   |   |   |   |   |   |   |
| LIABILITIES AND EQUITY                                |   |   |   |   |   |   |   |   |
| Current liabilities:                                  |   |   |   |   |   |   |   |   |
|   Long-term debt due within one year             |   | $ | 7,215 |   |   | $ | 7,236 |   |
|   Accounts payable and other current liabilities |   |   | 356,554 |   |   |   | 385,441 |   |
|     Total current liabilities          |   |   | 363,769 |   |   |   | 392,677 |   |
|                                                  |   |   |   |   |   |   |   |   |
| Deferred income taxes and other liabilities           |   |   | 1,361,698 |   |   |   | 1,352,379 |   |
| Long-term debt                                        |   |   | 4,798,822 |   |   |   | 4,794,129 |   |
| Equity                                                |   |   | 271,533 |   |   |   | 339,070 |   |
| Total liabilities and equity                          |   | $ | 6,795,822 |   |   | $ | 6,878,255 |   |
|                                                  |   |   |   |   |   |   |   |   |

----

| Frontier Communications Corporation                                                  |   |
|--------------------------------------------------------------------------------------|--------|
|  Consolidated Cash Flow Data                                                    |   |
|                                                                                 |   |   |   |   |   |   |
| (Amounts in thousands)                                                               |   |   |   |   |   |   |
|                                                                                 |   | For the six months ended June 30, |   |
|                                                                                 |   | 2010 |   |   | 2009 |   |
|                                                                                 |   |   |   |   |   |   |
| Cash flows provided by (used in) operating activities:                               |   |   |   |   |   |   |
| Net income                                                                           |   | $ | 79,411 |   |   | $ | 65,265 |   |
| Adjustments to reconcile net income to net cash provided                             |   |   |   |   |   |   |   |   |
|    by operating activities:                                           |   |   |   |   |   |   |   |   |
|     Depreciation and amortization expense                             |   |   | 201,023 |   |   |   | 270,376 |   |
|     Stock based compensation expense                                  |   |   | 5,228 |   |   |   | 4,561 |   |
|     Pension costs                                                     |   |   | 12,159 |   |   |   | 16,454 |   |
|     Gain on extinguishment of debt                                    |   |   | - |   |   |   | (3,664 | ) |
|     Other non-cash adjustments                                        |   |   | (3,423 | ) |   |   | (1,702 | ) |
|     Deferred income taxes                                             |   |   | 6,236 |   |   |   | 8,319 |   |
|     Change in accounts receivable                                     |   |   | (6,537 | ) |   |   | 10,231 |   |
|     Change in accounts payable and other liabilities                  |   |   | (24,751 | ) |   |   | (21,287 | ) |
|     Change in other current assets                                    |   |   | 48,224 |   |   |   | (18,223 | ) |
| Net cash provided by operating activities                                            |   |   | 317,570 |   |   |   | 330,330 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
| Cash flows provided from (used by) investing activities:                             |   |   |   |   |   |   |   |   |
|     Capital expenditures - Business operations                        |   |   | (93,350 | ) |   |   | (107,757 | ) |
|     Capital expenditures - Integration activities                     |   |   | (62,353 | ) |   |   | (2,607 | ) |
|     Transaction escrow                                                |   |   | (125,518 | ) |   |   | - |   |
|     Other assets purchased and distributions received, net            |   |   | (134 | ) |   |   | 628 |   |
| Net cash used by investing activities                                                |   |   | (281,355 | ) |   |   | (109,736 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |
| Cash flows provided from (used by) financing activities:                             |   |   |   |   |   |   |   |   |
|     Long-term debt borrowings                                         |   |   | - |   |   |   | 538,830 |   |
|     Long-term debt payments                                           |   |   | (1,955 | ) |   |   | (309,954 | ) |
|     Financing costs paid                                              |   |   | (3,225 | ) |   |   | (911 | ) |
|     Issuance of common stock                                          |   |   | - |   |   |   | 680 |   |
|     Dividends paid                                                    |   |   | (156,706 | ) |   |   | (156,184 | ) |
|     Repayment of customer advances for construction and               |   |   |   |   |   |   |   |   |
|         distributions to noncontrolling interests |   |   | (1,867 | ) |   |   | (2,580 | ) |
| Net cash (used by) provided from financing activities                                |   |   | (163,753 | ) |   |   | 69,881 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
| Increase (decrease) in cash and cash equivalents                                     |   |   | (127,538 | ) |   |   | 290,475 |   |
| Cash and cash equivalents at January 1,                                              |   |   | 358,693 |   |   |   | 163,627 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
| Cash and cash equivalents at June 30,                                                |   | $ | 231,155 |   |   | $ | 454,102 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
| Cash paid during the period for:                                                     |   |   |   |   |   |   |   |   |
|     Interest                                                          |   | $ | 180,863 |   |   | $ | 181,066 |   |
|     Income taxes (refunds)                                            |   | $ | (805 | ) |   | $ | 40,458 |   |

----

|                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           |    |   |                              |   |    |   |   |   | Schedule A |   |
|-----------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|---------|--------|-----------------------------------|--------|---------|--------|--------|--------|------------|--------|
| Reconciliation of Non-GAAP Financial Measures |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           |    |   |                              |   |    |   |   |   |       |   |
|                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | For the quarter ended June 30, |    |   | For the six months ended June 30, |   |
|                                          | (Amounts in thousands)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2010                           |    |   | 2009                              |   |    | 2010   |   |   | 2009       |   |
|                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           |    |   |                              |   |    |   |   |   |       |   |
|                                          | Net Income to Free Cash Flow;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                           |    |   |                              |   |    |   |   |   |       |   |
|                                          |    Net Cash Provided by Operating Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                           |    |   |                              |   |    |   |   |   |       |   |
|                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           |    |   |                              |   |    |   |   |   |       |   |
|                                          | Net income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $                              | 35,939  |   |                              | $      | 28,310  |   |   | $      | 79,411     |   |   | $ | 65,265 |   |
|                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           |    |   |                              |   |    |   |   |   |       |   |   |   |   |   |
|                                          |  Add back:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                           |    |   |                              |   |    |   |   |   |       |   |   |   |   |   |
|                                          |     Depreciation and amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                           | 99,974  |   |                              |   | 132,818 |   |   |   | 201,023    |   |   |   | 270,376 |   |
|                                          |     Income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                           | 16,338  |   |                              |   | 14,254  |   |   |   | 48,394     |   |   |   | 36,307 |   |
|                                          |     Acquisition and integration costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                           | 36,964  |   |                              |   | 10,751  |   |   |   | 47,334     |   |   |   | 10,751 |   |
|                                          |     Pension costs (non-cash) (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           | 4,836   |   |                              |   | 8,208   |   |   |   | 12,159     |   |   |   | 16,454 |   |
|                                          |     Stock based compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                           | 2,485   |   |                              |   | 2,439   |   |   |   | 5,228      |   |   |   | 4,561 |   |
|                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           |    |   |                              |   |    |   |   |   |       |   |   |   |   |   |
|                                          |  Subtract:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                           |    |   |                              |   |    |   |   |   |       |   |   |   |   |   |
|                                          |     Cash paid (refunded) for income taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                           | (805    | )      |                              |   | 39,203  |   |   |   | (805       | )      |   |   | 40,458 |   |
|                                          |     Other income, net (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                           | 9,717   |   |                              |   | 3,706   |   |   |   | 14,754     |   |   |   | 8,665 |   |
|                                          |     Capital expenditures - Business operations (3)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                           | 53,423  |   |                              |   | 53,185  |   |   |   | 93,350     |   |   |   | 107,757 |   |
|                                          | Free cash flow                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                           | 134,201 |   |                              |   | 100,686 |   |   |   | 286,250    |   |   |   | 246,834 |   |
|                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           |    |   |                              |   |    |   |   |   |       |   |   |   |   |   |
|                                          |  Add back:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                           |    |   |                              |   |    |   |   |   |       |   |   |   |   |   |
|                                          |     Deferred income taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                           | (1,848  | )      |                              |   | 4,194   |   |   |   | 6,236      |   |   |   | 8,319 |   |
|                                          |     Non-cash (gains)/losses, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           | 6,057   |   |                              |   | 9,040   |   |   |   | 13,964     |   |   |   | 15,649 |   |
|                                          |     Other income, net (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                           | 9,717   |   |                              |   | 3,706   |   |   |   | 14,754     |   |   |   | 8,665 |   |
|                                          |     Cash paid (refunded) for income taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                           | (805    | )      |                              |   | 39,203  |   |   |   | (805       | )      |   |   | 40,458 |   |
|                                          |     Capital expenditures - Business operations (3)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                           | 53,423  |   |                              |   | 53,185  |   |   |   | 93,350     |   |   |   | 107,757 |   |
|                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           |    |   |                              |   |    |   |   |   |       |   |   |   |   |   |
|                                          |  Subtract:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                           |    |   |                              |   |    |   |   |   |       |   |   |   |   |   |
|                                          |     Changes in current assets and liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                           | (54,296 | )      |                              |   | (8,893  | )      |   |   | (16,936    | )      |   |   | 29,279 |   |
|                                          |     Income tax expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                           | 16,338  |   |                              |   | 14,254  |   |   |   | 48,394     |   |   |   | 36,307 |   |
|                                          |     Acquisition and integration costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                           | 36,964  |   |                              |   | 10,751  |   |   |   | 47,334     |   |   |   | 10,751 |   |
|                                          |     Pension costs (non-cash) (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           | 4,836   |   |                              |   | 8,208   |   |   |   | 12,159     |   |   |   | 16,454 |   |
|                                          |     Stock based compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                           | 2,485   |   |                              |   | 2,439   |   |   |   | 5,228      |   |   |   | 4,561 |   |
|                                          | Net cash provided by operating activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                              | 194,418 |   |                              | $      | 183,255 |   |   | $      | 317,570    |   |   | $ | 330,330 |   |
|                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           |    |   |                              |   |    |   |   |   |       |   |   |   |   |   |
|                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           |    |   |                              |   |    |   |   |   |       |   |   |   |   |   |
| (1)                                           | Includes pension expense of $9.1 million and $10.2 million, less amounts capitalized into the cost of capital expenditures of $1.6 million and $2.0 million, for the quarters ended June 30, 2010 and 2009, respectively, and pension expense of $18.1 million and $20.4 million, less amounts capitalized into the cost of capital expenditures of $3.3 million and $3.9 million, for the six months ended June 30, 2010 and 2009, respectively. Amounts for the quarter and six months ended June 30, 2010 have also been reduced by $2.6 million for cash pension contributions. |   |
| (2)                                           | Includes gain on debt repurchases of $3.7 million for the quarter and six months ended June 30, 2009.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                           |    |   |                              |   |    |   |   |
| (3)                                           | Excludes capital expenditures for integration activities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                           |    |   |                              |   |    |   |   |   |       |   |   |

----

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   | Schedule B |    |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------|-----------|--------|----------------------------------------|-------------|---------|-----------|----------|--------|------------|-----------|-----------|----------|---------|--------|----------|--------|-----------|--------------|--------|--------|-----------|-------------|--------|------------|---------|
|   | Reconciliation of Non-GAAP Financial Measures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | For the quarter ended June 30, 2010    |      |   | For the quarter ended June 30, 2009    |        |
|   | (Amounts in thousands)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   | Acquisition                            |        |    |      |     |   | Severance  |      |      |     |    |   |     |   |      | Acquisition  |   |   |      |        |   | Severance  |    |   |   |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   | and                                    |        |    | Non-cash  |     |   | and Early  |      |      |     |    |   |     |   |      | and          |   |   | Non-cash  |        |   | and Early  |    |   |   |   |
|   | Operating Cash Flow and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | As                                     |      |   | Integration                            |        |    | Pension   |     |   | Retirement |      |      | As       |    |   | As       |   |      | Integration  |   |   | Pension   |        |   | Retirement |    |   | As |   |
|   |  Operating Cash Flow Margin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Reported                               |      |   | Costs                                  |        |    | Costs (1) |     |   | Costs      |      |      | Adjusted |    |   | Reported |   |      | Costs        |   |   | Costs (1) |        |   | Costs      |    |   | Adjusted |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |
|   | Operating Income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $                                      | 136,411   |   |                                   | $           | (36,964 | )         |     | $      | (4,836     | )         |      | $        | (571    | )      |     | $      | 178,782   |         |   | $      | 136,616   |        |   | $          | (10,751 | ) |   | $ | (8,208 | ) |   | $ | (11 | ) |   | $ | 155,586 |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |  Add back:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |      Depreciation and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |         amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                   | 99,974    |   |                                   |        | -       |      |     |   | -          |      |      |     | -       |   |     |   | 99,974    |         |   |   | 132,818   |        |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | 132,818 |   |
|   | Operating cash flow                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $                                      | 236,385   |   |                                   | $           | (36,964 | )         |     | $      | (4,836     | )         |      | $        | (571    | )      |     | $      | 278,756   |         |   | $      | 269,434   |        |   | $          | (10,751 | ) |   | $ | (8,208 | ) |   | $ | (11 | ) |   | $ | 288,404 |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $                                      | 516,137   |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     | $      | 516,137   |         |   | $      | 532,142   |        |   |       |    |   |   |   |   |   |   |   |   |   |   | $ | 532,142 |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Operating income margin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |    (Operating income divided                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |         by revenue)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                   | 26.4      | %      |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   | 34.6      | %            |   |   | 25.7      | %           |   |       |    |   |   |   |   |   |   |   |   |   |   |   | 29.2 | % |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Operating cash flow margin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |    (Operating cash flow divided                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |        by revenue)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                                   | 45.8      | %      |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   | 54.0      | %            |   |   | 50.6      | %           |   |       |    |   |   |   |   |   |   |   |   |   |   |   | 54.2 | % |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | For the six months ended June 30, 2010 |      |   | For the six months ended June 30, 2009 |        |    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   | Acquisition |    |      |     |   |       |      | Severance |     |    |   |     |   |      |         |   |   |      | Acquisition |   |       |    |   |   |   | Severance |   |   |   |   |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   | and         |    |      | Non-cash |   |       | and Early |      |     |    |   |     |   |      |         |   |   | and       |        |   | Non-cash   |    |   | and Early |   |   |   |   |   |
|   | Operating Cash Flow and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | As                                     |      |   | Integration                            |        |    | Pension   |     |   | Retirement |      |      | As       |    |   | As       |   |      | Intregration |   |   | Pension   |        |   | Retirement |    |   | As |   |
|   |  Operating Cash Flow Margin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Reported                               |      |   | Costs                                  |        |    | Costs (1) |     |   | Costs      |      |      | Adjusted |    |   | Reported |   |      | Costs        |   |   | Costs (1) |        |   | Costs      |    |   | Adjusted |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Operating Income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $                                      | 298,273   |   |                                   | $           | (47,334 | )         |     | $      | (12,159    | )         |      | $        | (713    | )      |     | $      | 358,479   |         |   | $      | 276,126   |        |   | $          | (10,751 | ) |   | $ | (16,454 | ) |   | $ | (2,567 | ) |   | $ | 305,898 |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |  Add back:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |      Depreciation and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |        amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                   | 201,023   |   |                                   |        | -       |      |     |   |  -    |      |      |     |  - |   |     |   | 201,023   |         |   |   | 270,376   |        |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | 270,376 |   |
|   | Operating cash flow                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $                                      | 499,296   |   |                                   | $           | (47,334 | )         |     | $      | (12,159    | )         |      | $        | (713    | )      |     | $      | 559,502   |         |   | $      | 546,502   |        |   | $          | (10,751 | ) |   | $ | (16,454 | ) |   | $ | (2,567 | ) |   | $ | 576,274 |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $                                      | 1,035,986 |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     | $      | 1,035,986 |         |   | $      | 1,070,098 |        |   |       |    |   |   |   |   |   |   |   |   |   |   | $ | 1,070,098 |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Operating income margin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |    (Operating income divided                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |         by revenue)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                   | 28.8      | %      |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   | 34.6      | %            |   |   | 25.8      | %           |   |       |    |   |   |   |   |   |   |   |   |   |   |   | 28.6 | % |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Operating cash flow margin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |    (Operating cash flow divided                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   |         by revenue)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                   | 48.2      | %      |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   | 54.0      | %            |   |   | 51.1      | %           |   |       |    |   |   |   |   |   |   |   |   |   |   |   | 53.9 | % |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   |      |   |                                   |        |    |      |     |   |       |      |      |     |    |   |     |   |      |         |   |   |      |        |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)    | Includes pension expense of $9.1 million and $10.2 million, less amounts capitalized into the cost of capital expenditures of $1.6 million and $2.0 million, for the quarters ended June 30, 2010 and 2009, respectively, and pension expense of $18.1 million and $20.4 million, less amounts capitalized into the cost of capital expenditures of $3.3 million and $3.9 million, for the six months ended June 30, 2010 and 2009, respectively. Amounts for the quarter and six months ended June 30, 2010 have also been reduced by $2.6 million for cash pension contributions. |   |

----

|                                                                                   |                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   | Schedule C |
|----------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|------------|
|                                                                                   |                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |       |
|                                                                                   |                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |       |
| Principal Payments due on Long-Term Debt Obligations for 2010 through 2015             |
| Comparison of Debt Obligations Measured as of June 30, 2010 and Pro Forma July 1, 2010 |
| for Debt Assumed in the Verizon Transaction                                            |
| (in Millions of $)                                                                     |
|                                                                                   |                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |       |
|                                                                                   |                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |       |
|                                                                                   |                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |       |
|                                                                    |
| Note:                                                                             | Increase in debt obligations as of July 1, 2010 results from the $500.0 million aggregate principal amount of 7.875% Senior Notes due 2015 that were assumed by Frontier in the Verizon Transaction. |
|                                                                                   |                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |       |
|                                                                                   |                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |       |