Frontier Communications 2014 Annual Report Download - page 18

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that are, to different degrees, uncertain. For us, particular uncertainties that could cause our actual
results to be materially different than those expressed in our forward-looking statements include:
•risks related to the pending acquisition of properties from Verizon, including our ability to
complete the acquisition of such operations, our ability to successfully integrate operations, our
ability to realize anticipated cost savings, sufficiency of the assets to be acquired from Verizon,
our ability to migrate Verizon’s operations from Verizon owned and operated systems and
processes to our owned and operated systems and processes successfully, failure to enter into
or obtain, or delays in entering into or obtaining, certain agreements and consents necessary to
operate the acquired business as planned, failure to obtain, delays in obtaining or adverse
conditions contained in any required regulatory approvals for the acquisition, and increased
expenses incurred due to activities related to the transaction;
•risks related to the recently-concluded Connecticut Acquisition, including the effects of
unanticipated expenses or liabilities and our ability to fully realize anticipated cost savings;
•our ability to meet our debt and debt service obligations;
•competition from cable, wireless and other wireline carriers and the risk that we will not respond
on a timely or profitable basis;
•our ability to successfully adjust to changes in the communications industry, including the effects
of technological changes and competition on our capital expenditures, products and service
offerings;
•reductions in the number of our voice customers that we cannot offset with increases in
broadband subscribers and sales of other products and services;
•our ability to maintain relationships with customers, employees or suppliers;
•the impact of regulation and regulatory, investigative and legal proceedings and legal
compliance risks;
•continued reductions in switched access revenues as a result of regulation, competition or
technology substitutions;
•the effects of changes in the availability of federal and state universal service funding or other
subsidies to us and our competitors;
•our ability to effectively manage service quality in our territories and meet mandated service
quality metrics;
•our ability to successfully introduce new product offerings;
•the effects of changes in accounting policies or practices, including potential future impairment
charges with respect to our intangible assets;
•our ability to effectively manage our operations, operating expenses, capital expenditures, debt
service requirements and cash paid for income taxes and liquidity, which may affect payment of
dividends on our common shares;
•the effects of changes in both general and local economic conditions on the markets that we
serve;
•the effects of increased medical expenses and pension and postemployment expenses;
•the effects of changes in income tax rates, tax laws, regulations or rulings, or federal or state tax
assessments;
•our ability to successfully renegotiate union contracts;
•changes in pension plan assumptions, interest rates, regulatory rules and/or the value of our
pension plan assets, which could require us to make increased contributions to the pension plan
in 2015 and beyond;
17
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES