Frontier Communications Parent 8K Frontier Communications Reports 2011 First Quarter Results | FYBR 5 May 11


		Exhibit 99.3
	Frontier Communications Corporation
	Pro Forma Combined Historical Financial and Operating Data
	for the Five Quarters Ended June 30, 2010
	and
	Actual Financial and Operating Data
	for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011

	The following unaudited schedules are presented in order to provide unaudited pro forma combined historical financial and operating data for Frontier Communications Corporation (Frontier), including financial and operating data for the properties acquired from Verizon Communications Inc. (Verizon) on July 1, 2010 in a merger transaction. The unaudited financial and operating data for the three months ended September 30, 2010, December 31, 2010 and March 31, 2011 represent actual information for the third and fourth quarters of 2010 and first quarter of 2011.

	The unaudited pro forma combined statements of operations information, which have been prepared for the three months ended June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010, give effect to the transactions and other events as if they had occurred on January 1, 2009. The pro forma information is not necessarily indicative of what the financial position or results of operations actually would have been had the acquisition been completed at the beginning of each period presented. The pro forma information assumes that the debt of Verizon's Separate Telephone Operations (VSTO or the Acquired Properties) was assumed by Frontier as of January 1, 2009, the Frontier common stock was issued to Verizon shareholders as of January 1, 2009 and the Frontier annual cash dividend policy was $0.75 per share in 2009 and 2010.

	Frontier is considered the accounting acquirer. The historical quarterly financial information of Frontier and VSTO prior to July 1, 2010 has been adjusted to give effect to events that are directly attributable to the transactions and factually supportable and, in the case of the statements of operations information, that are expected to have a continuing impact. Pro Forma adjustments were made: to adjust the historical pension and other postretirement employee benefit obligations retained by Verizon; to conform the bad debt expense classification of VSTO to Frontier's policy; to remove acquisition, integration and realignment expenditures; to include interest expense on $3.2 billion of notes assumed by Frontier in the acquisition; to include amortization of acquired customer assets, and to exclude interest charged to VSTO by Verizon.

	Note: All amounts in the attached schedules for the first quarter of 2011 have been shaded. Additionally, any other new amounts that have been included in these schedules have been shaded.

Frontier Communications Corporation
Pro Forma Combined Historical Financial Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011




																														Actual					Actual					Actual
		June 30,					September 30,					December 31,							March 31,						June 30,					September 30,					December 31,					March 31,
(Amounts in millions, except		2009		Var.			2009		Var.			2009				Var.			2010			Var.			2010		Var.			2010		Var.			2010		Var.			2011
per share amounts)

Income Statement Data
Revenue		$	1,541	$	(27	)	$	1,514	$	(60	)	$	1,454			$	2		$	1,456		$	(22	)	$	1,434	$	(31	)	$	1,403	$	(44	)	$	1,359	$	(12	)	$	1,347
	Costs and expenses (1)		804		(23	)		781		18			799				(22	)		777			18			795		34			829		(63	)		766		(21	)		745
	Depreciation and amortization		399		(32	)		367		(22	)		345				(1	)		344			2			346		(6	)		340		13			353		(2	)		351
Total operating expenses			1,203		(55	)		1,148		(4	)		1,144				(23	)		1,121			20			1,141		28			1,169		(50	)		1,119		(23	)		1,096
																											��
Operating income			338		28			366		(56	)		310				25			335			(42	)		293		(59	)		234		6			240		11			251
	Investment and other income (loss), net		3		2			5		(57	)		(52	)	(2)		59			7			3			10		(7	)		3		(2	)		1		8			9
	Interest expense		167		1			168		2			170				(5	)		165			1			166		1			167		1			168		(1	)		167
Income before income taxes			174		29			203		(115	)		88				89			177			(40	)		137		(67	)		70		3			73		20			93
	Income tax expense		61		13			74		(39	)		35				50			85	(3)		(38	)		47		(7	)		40		(14	)		26		11			37
Net income		$	113	$	16		$	129	$	(76	)	$	53			$	39		$	92		$	(2	)	$	90	$	(60	)	$	30	$	17		$	47	$	9		$	56

Weighted average shares outstanding			988		1			989		-			989				-			989			-			989		-			989		1			990		-			990

Basic net income per share attributable to
common shareholders of Frontier		$	0.11	$	0.02		$	0.13	$	(0.08	)	$	0.05			$	0.04		$	0.09		$	-		$	0.09	$	(0.06	)	$	0.03	$	0.02		$	0.05	$	-		$	0.05

(1)	Sequential quarterly changes in Costs and Expenses of the acquired properties are impacted by variations in employee and contractor levels at the acquired properties prior to closing on July 1, 2010, including an increase in employees and contractors in the first six months of 2010.
(2)	Includes premium on debt repurchases of $54 million ($34 million or $0.03 per share after tax).

(3)	Includes tax expense of $21 million related to the impact of health care reform legislation enacted in March 2010.

	Note: Refer to the cover page for explanatory notes which are an integral part of the pro forma combined historical financial data. The unaudited pro forma financial information makes certain assumptions for illustrative purposes and is subject to change based on the final results of the third-party valuation of the acquired assets and other factors.

Frontier Communications Corporation
Pro Forma Combined Historical Financial and Operating Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011

																																Actual						Actual						Actual
		June 30,						September 30,						December 31,						March 31,						June 30,						September 30,						December 31,						March 31,
(Amounts in millions)		2009			Var.			2009			Var.			2009			Var.			2010			Var.			2010			Var.			2010			Var.			2010			Var.			2011

Selected Income Statement Data
Revenue
	Local and long distance services	$	797		$	(30	)	$	767		$	(7	)	$	760		$	(38	)	$	722		$	(13	)	$	709		$	(20	)	$	689		$	(27	)	$	662		$	(27	)	$	635
	Data and internet services		465			(8	)		457			2			459			(1	)		458			5			463			(10	)		453			-			453			6			459
	Other		90			4			94			(49	)		45			41			86			2			88			5			93			(10	)		83			4			87
	Customer revenue		1,352			(34	)		1,318			(54	)		1,264			2			1,266			(6	)		1,260			(25	)		1,235			(37	)		1,198			(17	)		1,181
	Switched access and subsidy		189			7			196			(6	)		190			-			190			(16	)		174			(6	)		168			(7	)		161			5			166
Total revenue			1,541			(27	)		1,514			(60	)		1,454			2			1,456			(22	)		1,434			(31	)		1,403			(44	)		1,359			(12	)		1,347

Expenses
	Costs and expenses (1)		804			(23	)		781			18			799			(22	)		777			18			795			34			829			(63	)		766			(21	)		745
	Depreciation and amortization		399			(32	)		367			(22	)		345			(1	)		344			2			346			(6	)		340			13			353			(2	)		351
Total operating expenses			1,203			(55	)		1,148			(4	)		1,144			(23	)		1,121			20			1,141			28			1,169			(50	)		1,119			(23	)		1,096

Operating Income		$	338		$	28		$	366		$	(56	)	$	310		$	25		$	335		$	(42	)	$	293		$	(59	)	$	234		$	6		$	240		$	11		$	251

Other Financial Data
	Adjusted operating income (2)	$	346		$	23		$	369		$	9		$	378		$	(25	)	$	353		$	(44	)	$	309		$	22		$	331		$	(62	)	$	269		$	6		$	275
	Adjusted operating income %		22.5	%		1.9	%		24.4	%		1.6	%		26.0	%		-1.8	%		24.2	%		-2.7	%		21.5	%		2.1	%		23.6	%		-3.8	%		19.8	%		0.6	%		20.4	%
	Operating cash flow, as adjusted (2)	$	745		$	(9	)	$	736		$	(13	)	$	723		$	(26	)	$	697		$	(42	)	$	655		$	16		$	671		$	(49	)	$	622		$	4		$	626
	Operating cash flow %, as adjusted		48.3	%		0.3	%		48.6	%		1.1	%		49.7	%		-1.8	%		47.9	%		-2.2	%		45.7	%		2.2	%		47.9	%		-2.1	%		45.8	%		0.7	%		46.5	%
	Free cash flow (2)	$	297		$	13		$	310		$	(10	)	$	300		$	57		$	357		$	(72	)	$	285		$	54		$	339		$	(126	)	$	213		$	40		$	253
	Dividends (3)	$	186		$	-		$	186		$	-		$	186		$	-		$	186		$	-		$	186		$	-		$	186		$	-		$	186		$	1		$	187
	Dividend payout ratio (3)		62.6	%		-2.6	%		60.0	%		2.0	%		62.0	%		-9.9	%		52.1	%		13.2	%		65.3	%		-10.3	%		55.0	%		32.5	%		87.5	%		-13.7	%		73.8	%

(1)	Sequential quarterly changes in Costs and Expenses of the acquired properties are impacted by variations in employee and contractor levels at the acquired properties prior to closing on July 1, 2010, including an increase in employees and contractors in the first six months of 2010.
(2)	A reconciliation to this measure is presented in Schedules 5 and 6.
(3)	Assumes annual cash dividend of $0.75 per common share.
	Note: Refer to the cover page for explanatory notes which are an integral part of the pro forma combined historical financial data. The unaudited pro forma financial information makes certain assumptions for illustrative purposes and is subject to change based on the final results of the third-party valuation of the acquired assets and other factors.

Frontier Communications Corporation
Pro Forma Combined Historical Financial and Operating Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011


																																Actual						Actual						Actual
		June 30,						September 30,						December 31,						March 31,						June 30,						September 30,						December 31,						March 31,
(Amounts in millions of dollars)		2009			Var.			2009			Var.			2009			Var.			2010			Var.			2010			Var.			2010			Var.			2010			Var.			2011

Other Financial Data

Revenue:
	Residential		708			(18	)		690			(17	)		673			(18	)		655			(10	)		645			(15	)		630			(23	)		607			(30	)		577
	Business		644			(16	)		628			(37	)		591			20			611			4			615			(10	)		605			(14	)		591			13			604
	Total customer revenue		1,352			(34	)		1,318			(54	)		1,264			2			1,266			(6	)		1,260			(25	)		1,235			(37	)		1,198			(17	)		1,181
	% of total revenue		88	%		-1	%		87	%		0	%		87	%		0	%		87	%		1	%		88	%		0	%		88	%		0	%		88	%		0	%		88	%
	Switched Access Revenue		111			(3	)		108			(3	)		105			(2	)		103			(6	)		97			(9	)		88			(6	)		82			5			87
	Federal Subsidies		41			7			48			(1	)		47			(1	)		46			(11	)		35			8			43			-			43			(2	)		41
	State Subsidies		7			(1	)		6			1			7			-			7			-			7			3			10			1			11			(1	)		10
	Surcharges		30			4			34			(3	)		31			3			34			1			35			(8	)		27			(2	)		25			3			28
	Total regulatory revenue		189			7			196			(6	)		190			-			190			(16	)		174			(6	)		168			(7	)		161			5			166
	% of total revenue		12	%		1	%		13	%		0	%		13	%		0	%		13	%		-1	%		12	%		0	%		12	%		0	%		12	%		0	%		12	%
	Total revenue		1,541			(27	)		1,514			(60	)		1,454			2			1,456			(22	)		1,434			(31	)		1,403			(44	)		1,359			(12	)		1,347

Capital expenditures:
	Base wireline operations		143			19			162			12			174			(59	)		115			29			144			(5	)		139			72			211			(18	)		193
	Fiber optic		54			(23	)		31			4			35			(14	)		21			(3	)		18			2			20			(2	)		18			(8	)		10
	Subtotal		197			(4	)		193			16			209			(73	)		136			26			162			(3	)		159			70			229			(26	)		203
	Integration		3			(3	)		-			22			22			8			30			3			33			(17	)		16			3			19			(13	)		6
	Total		200			(7	)		193			38			231			(65	)		166			29			195			(20	)		175			73			248			(39	)		209

Frontier Communications Corporation
Pro Forma Combined Historical Financial and Operating Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011

																																Actual						Actual						Actual
		June 30,						September 30,						December 31,						March 31,						June 30,						September 30,						December 31,						March 31,
(Amounts in millions, except operating data)		2009			Var.			2009			Var.			2009			Var.			2010			Var.			2010			Var.			2010			Var.			2010			Var.			2011

Other Financial and Operating Data

Access lines:
	Residential		4,372,995			(152,049	)		4,220,946			(126,356	)		4,094,590			(111,174	)		3,983,416			(128,275	)		3,855,141			(119,981	)		3,735,160			(99,490	)		3,635,670			(113,960	)		3,521,710
	Business		2,282,612			(32,859	)		2,249,753			(33,694	)		2,216,059			(32,679	)		2,183,380			(29,271	)		2,154,109			(18,357	)		2,135,752			(25,704	)		2,110,048			(22,794	)		2,087,254
Total access lines			6,655,607			(184,908	)		6,470,699			(160,050	)		6,310,649			(143,853	)		6,166,796			(157,546	)		6,009,250			(138,338	)		5,870,912			(125,194	)		5,745,718			(136,754	)		5,608,964

Residential customer metrics:
	Customers		4,132,594			(140,065	)		3,992,529			(116,745	)		3,875,784			(101,966	)		3,773,818			(120,484	)		3,653,334			(115,239	)		3,538,095			(92,902	)		3,445,193			(106,887	)		3,338,306
	Revenue	$	708		$	(18	)	$	690		$	(17	)	$	673		$	(18	)	$	655		$	(10	)	$	645		$	(15	)	$	630		$	(23	)	$	607		$	(30	)	$	577
	Average monthly residential revenue per
	customer (ARPU)	$	56.25		$	0.29		$	56.54		$	0.51		$	57.05		$	0.01		$	57.06		$	0.83		$	57.89		$	0.54		$	58.43		$	(0.49	)	$	57.94		$	(1.27	)	$	56.67
	Customer monthly churn		2.07	%		0.17	%		2.24	%		-0.22	%		2.02	%		-0.16	%		1.86	%		0.15	%		2.01	%		-0.13	%		1.88	%		-0.24	%		1.64	%		0.15	%		1.79	%
	Products per residential customer (1)		2.10			0.03			2.13			0.03			2.16			0.03			2.19			0.04			2.23			0.03			2.26			0.04			2.30			0.05			2.35

Business customer metrics:
	Customers	NA						NA						NA						NA						NA							354,233			(10,410	)		343,823			(10,427	)		333,396
	Revenue	$	644		$	(16	)	$	628		$	(37	)	$	591		$	20		$	611		$	4		$	615		$	(10	)	$	605		$	(14	)	$	591		$	13		$	604
	Average monthly business revenue per customer (ARPU)	NA						NA						NA						NA						NA						$	565.06		$	(0.28	)	$	564.78		$	29.61		$	594.39

Other data:
	Employees	NA						NA						NA						NA							14,800			(42	)		14,758			40			14,798			102			14,900
	High-Speed Internet (HSI) subscribers		1,660,375			14,638			1,675,013			20,236			1,695,249			15,726			1,710,975			(14,399	)		1,696,576			(4,971	)		1,691,605			5,562			1,697,167			10,511			1,707,678
	Video subscribers		448,292			19,145			467,437			17,962			485,399			11,502			496,901			7,643			504,544			11,097			515,641			15,805			531,446			14,958			546,404
	Switched access minutes of use (in millions)		6,272			(222	)		6,050			(276	)		5,774			105			5,879			(973	)		4,906			440			5,346			(248	)		5,098			(98	)		5,000
	Average monthly total revenue per access line	$	76.24		$	0.65		$	76.89		$	(1.06	)	$	75.83		$	1.96		$	77.79		$	0.72		$	78.51		$	0.22		$	78.73		$	(0.75	)	$	77.98		$	1.09		$	79.07
	Average monthly customer revenue per access line	$	66.88		$	0.04		$	66.92		$	(0.99	)	$	65.93		$	1.72		$	67.65		$	1.33		$	68.98		$	0.31		$	69.29		$	(0.52	)	$	68.77		$	0.54		$	69.31

(1)	Products per residential customer: primary residential voice line, HSI and video products have a value of 1. Long distance, Frontier Peace of Mind, second lines, feature packages and dial-up have a value of 0.5. Acquired properties did not have Frontier Peace of Mind.

Frontier Communications Corporation
Pro Forma Combined Historical Reconciliation of Non-GAAP Financial Measures
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011

									For the											For the
									year ended							Actual		Actual		year ended		Actual
		June 30,		September 30,		December 31,			December 31,			March 31,		June 30,		September 30,		December 31,		December 31,		March 31,
	(Amounts in millions)	2009		2009		2009			2009			2010		2010		2010		2010		2010		2011

	Net Income to Free Cash Flow;
	Net Cash Provided by Operating Activities

	Net income	$	113	$	129	$	53		$	433		$	92	$	90	$	30	$	47	$	259	$	56

	Add back:
	Depreciation and amortization		399		367		345			1,505			344		346		340		353		1,383		351
	Income tax expense		61		74		35			241			85		47		40		26		198		37
	Pension/OPEB costs (non-cash)		8		3		67			86			18		15		12		16		61		11
	Stock based compensation		3		2		2			9			3		2		5		5		15		4
	Acquisition and integration costs		-		-		-			-			-		-		78		11		89		13

	Subtract:
	Cash paid for income taxes (1)		86		67		47			248			44		43		5		16		108		9
	Other income, net		4		5		(54	)		(40	)		5		10		2		-		17		7
	Capital expenditures - Business operations		197		193		209			789			136		162		159		229		686		203
	Free cash flow	$	297	$	310	$	300		$	1,277		$	357	$	285	$	339	$	213	$	1,194	$	253


(1)	Cash paid for income taxes in 2009 for the acquired properties was allocated evenly across all four quarters of 2009. Actual amounts for 2010 were not available and have been estimated.
	Note: Refer to the cover page for explanatory notes which are an integral part of the pro forma combined historical financial data. The unaudited pro forma financial information makes certain assumptions for illustrative purposes and is subject to change based on the final results of the third-party valuation of the acquired assets and other factors.

Frontier Communications Corporation
Pro Forma Combined Historical Reconciliation of Non-GAAP Financial Measures
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011

											For the															For the
											year ended									Actual			Actual			year ended			Actual
		June 30,			September 30,			December 31,			December 31,			March 31,			June 30,			September 30,			December 31,			December 31,			March 31,
(Amounts in millions)		2009			2009			2009			2009			2010			2010			2010			2010			2010			2011

Operating Cash Flow and
Operating Cash Flow Margin

Operating income		$	338		$	366		$	310		$	1,373		$	335		$	293		$	234		$	240		$	1,102		$	251

Add back:
	Depreciation and amortization		399			367			345			1,505			344			346			340			353			1,383			351
Operating cash flow		$	737		$	733		$	655		$	2,878		$	679		$	639		$	574		$	593		$	2,485		$	602
Adjustments:
	Non-cash pension/OPEB costs		8			3			67			86			18			15			12			16			61			11
	Severance and early retirement costs		-			-			1			4			-			1			7			2			10			-
	Acquisition and integration costs		-			-			-			-			-			-			78			11			89			13
Operating income, as adjusted		$	346		$	369		$	378		$	1,463		$	353		$	309		$	331		$	269		$	1,262		$	275
Operating cash flow, as adjusted		$	745		$	736		$	723		$	2,968		$	697		$	655		$	671		$	622		$	2,645		$	626

Revenue		$	1,541		$	1,514		$	1,454		$	6,071		$	1,456		$	1,434		$	1,403		$	1,359		$	5,652		$	1,347

Operating income margin
	(Operating income divided by revenue)		21.9	%		24.2	%		21.3	%		22.6	%		23.0	%		20.4	%		16.7	%		17.6	%		19.5	%		18.6	%

Operating income margin, as adjusted			22.5	%		24.4	%		26.0	%		24.1	%		24.2	%		21.5	%		23.6	%		19.8	%		22.3	%		20.4	%

Operating cash flow margin
	(Operating cash flow divided by revenue)		47.8	%		48.4	%		45.0	%		47.4	%		46.6	%		44.6	%		40.9	%		43.6	%		44.0	%		44.7	%

Operating cash flow margin, as adjusted			48.3	%		48.6	%		49.7	%		48.9	%		47.9	%		45.7	%		47.9	%		45.8	%		46.8	%		46.5	%

Note: Refer to the cover page for explanatory notes which are an integral part of the pro forma combined historical financial data. The unaudited pro forma financial information makes certain assumptions for illustrative purposes and is subject to change based on the final results of the third-party valuation of the acquired assets and other factors.

Frontier Communications Corporation
Pro Forma Combined Historical Financial Support Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011

																																Actual						Actual						Actual
		June 30,						September 30,						December 31,						March 31,						June 30,						September 30,						December 31,						March 31,
(Amounts in millions of dollars)		2009			Var.			2009			Var.			2009			Var.			2010			Var.			2010			Var.			2010			Var.			2010			Var.			2011

Revenue:
	Legacy Frontier		532			(5	)		527			(6	)		521			(1	)		520			(4	)		516			(3	)		513			(12	)		501			4			505
	Acquired properties		1,009			(22	)		987			(54	)		933			3			936			(18	)		918			(28	)		890			(32	)		858			(16	)		842
	Total revenue		1,541			(27	)		1,514			(60	)		1,454			2			1,456			(22	)		1,434			(31	)		1,403			(44	)		1,359			(12	)		1,347

Cash operating expenses
	Legacy Frontier		244			(5	)		239			(3	)		236			3			239			(2	)		237			16			253			1			254			(4	)		250
	Acquired properties (1)		552			(13	)		539			(44	)		495			25			520			22			542			(63	)		479			3			482			(12	)		470
	Total cash operating expenses		796			(18	)		778			(47	)		731			28			759			20			779			(47	)		732			4			736			(16	)		720

Operating cash flow, as adjusted
	Legacy Frontier		288			-			288			(3	)		285			(4	)		281			(2	)		279			(19	)		260			(14	)		246			8			254
	%		54.2	%		0.4	%		54.6	%		0.1	%		54.7	%		-0.7	%		54.0	%		0.0	%		54.0	%		-3.2	%		50.8	%		-1.7	%		49.1	%		1.3	%		50.4	%
	Acquired properties		457			(9	)		448			(10	)		438			(22	)		416			(40	)		376			35			411			(35	)		376			(4	)		372
	%		45.3	%		0.1	%		45.4	%		1.5	%		46.9	%		-2.5	%		44.4	%		-3.4	%		41.0	%		5.2	%		46.2	%		-2.4	%		43.8	%		0.4	%		44.2	%
	Total operating cash flow, as adjusted		745			(9	)		736			(13	)		723			(26	)		697			(42	)		655			16			671			(49	)		622			4			626
	%		48.3	%		0.3	%		48.6	%		1.1	%		49.7	%		-1.8	%		47.9	%		-2.2	%		45.7	%		2.2	%		47.9	%		-2.1	%		45.8	%		0.7	%		46.5	%

Capital expenditures (excluding integration):
	Legacy Frontier		53			1			54			15			69			(29	)		40			13			53			2			55			24			79			(25	)		54
	% of revenue		10	%		0	%		10	%		3	%		13	%		-5	%		8	%		2	%		10	%		1	%		11	%		5	%		16	%		-5	%		11	%
	Acquired properties		144			(5	)		139			1			140			(44	)		96			13			109			(5	)		104			46			150			(1	)		149
	% of revenue		14	%		0	%		14	%		1	%		15	%		-5	%		10	%		2	%		12	%		0	%		12	%		5	%		17	%		1	%		18	%
	Total capital expenditures		197			(4	)		193			16			209			(73	)		136			26			162			(3	)		159			70			229			(26	)		203
	% of revenue		13	%		0	%		13	%		1	%		14	%		-5	%		9	%		2	%		11	%		0	%		11	%		6	%		17	%		-2	%		15	%

(1)	Sequential quarterly changes in Costs and Expenses of the acquired properties are impacted by variations in employee and contractor levels at the acquired properties prior to closing on July 1, 2010, including an increase in employees and contractors in the first six months of 2010.

Frontier Communications Corporation
Pro Forma Combined Historical Revenue Support Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011

																											Actual					Actual					Actual
		June 30,					September 30,					December 31,					March 31,					June 30,					September 30,					December 31,					March 31,
(Amounts in millions of dollars)		2009		Var.			2009		Var.			2009		Var.			2010		Var.			2010		Var.			2010		Var.			2010		Var.			2011
Revenue:
Residential revenue:
	Legacy Frontier		228		(4	)		224		(6	)		218		2			220		1			221		(2	)		219		(5	)		214		(1	)		213
	Acquired properties		480		(14	)		466		(11	)		455		(20	)		435		(11	)		424		(13	)		411		(18	)		393		(29	)		364
	Total residential revenue		708		(18	)		690		(17	)		673		(18	)		655		(10	)		645		(15	)		630		(23	)		607		(30	)		577

Business revenue:
	Legacy Frontier		217		(5	)		212		-			212		(1	)		211		4			215		(2	)		213		(4	)		209		4			213
	Acquired properties		427		(11	)		416		(37	)		379		21			400		-			400		(8	)		392		(10	)		382		9			391
	Total business revenue		644		(16	)		628		(37	)		591		20			611		4			615		(10	)		605		(14	)		591		13			604

Regulatory revenue:
	Switched access revenue
	Legacy Frontier		62		(2	)		60		1			61		(1	)		60		(3	)		57		(6	)		51		(3	)		48		1			49
	Acquired properties		49		(1	)		48		(4	)		44		(1	)		43		(3	)		40		(3	)		37		(3	)		34		4			38
	Total switched access revenue		111		(3	)		108		(3	)		105		(2	)		103		(6	)		97		(9	)		88		(6	)		82		5			87

	Federal subsidy revenue
	Legacy Frontier		14		5			19		-			19		(2	)		17		(7	)		10		8			18		-			18		(1	)		17
	Acquired properties		27		2			29		(1	)		28		1			29		(4	)		25		-			25		-			25		(1	)		24
	Total Federal USF revenue		41		7			48		(1	)		47		(1	)		46		(11	)		35		8			43		-			43		(2	)		41

	State subsidy revenue
	Legacy Frontier		2		-			2		-			2		-			2		-			2		-			2		-			2		-			2
	Acquired properties		5		(1	)		4		1			5		-			5		-			5		3			8		1			9		(1	)		8
	Total State USF revenue		7		(1	)		6		1			7		-			7		-			7		3			10		1			11		(1	)		10

	Surcharges revenue
	Legacy Frontier		9		1			10		(1	)		9		1			10		1			11		(1	)		10		(1	)		9		2			11
	Acquired properties		21		3			24		(2	)		22		2			24		-			24		(7	)		17		(1	)		16		1			17
	Total surcharges revenue		30		4			34		(3	)		31		3			34		1			35		(8	)		27		(2	)		25		3			28

	Total regulatory revenue		189		7			196		(6	)		190		-			190		(16	)		174		(6	)		168		(7	)		161		5			166


Total revenue:
	Legacy Frontier		532		(5	)		527		(6	)		521		(1	)		520		(4	)		516		(3	)		513		(12	)		501		4			505
	Acquired properties		1,009		(22	)		987		(54	)		933		3			936		(18	)		918		(28	)		890		(32	)		858		(16	)		842
	Total revenue		1,541		(27	)		1,514		(60	)		1,454		2			1,456		(22	)		1,434		(31	)		1,403		(44	)		1,359		(12	)		1,347

Frontier Communications Corporation
Pro Forma Combined Historical Operating Expenses Support Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011

																												Actual					Actual					Actual
		June 30,					September 30,						December 31,					March 31,					June 30,					September 30,					December 31,					March 31,
(Amounts in millions of dollars)		2009		Var.			2009			Var.			2009		Var.			2010		Var.			2010		Var.			2010		Var.			2010		Var.			2011

Operating expenses:
	Cash other operating expenses
	Legacy Frontier		244		(5	)		239			(3	)		236		3			239		(2	)		237		16			253		1			254		(4	)		250
	Acquired properties (1)		552		(13	)		539			(44	)		495		25			520		22			542		(63	)		479		3			482		(12	)		470
	Total cash other operating expenses		796		(18	)		778			(47	)		731		28			759		20			779		(47	)		732		4			736		(16	)		720

	Non-cash other operating expenses
	Legacy Frontier		7		2			9			2			11		(3	)		8		(3	)		5		73			78		(61	)		17		(4	)		13
	Acquired properties		1		(7	)		(6	)		63			57		(47	)		10		1			11		8			19		(6	)		13		(1	)		12
	Total non-cash other operating expenses		8		(5	)		3			65			68		(50	)		18		(2	)		16		81			97		(67	)		30		(5	)		25

Other operating expenses
	Legacy Frontier		251		(3	)		248			(1	)		247		-			247		(5	)		242		89			331		(60	)		271		(8	)		263
	Acquired properties		553		(20	)		533			19			552		(22	)		530		23			553		(55	)		498		(3	)		495		(13	)		482
	Total other operating expenses		804		(23	)		781			18			799		(22	)		777		18			795		34			829		(63	)		766		(21	)		745


Depreciation and Amortization
	Legacy Frontier		133		(30	)		103			-			103		(2	)		101		(1	)		100		(2	)		98		2			100		-			100
	Acquired properties		266		(2	)		264			(22	)		242		1			243		3			246		(4	)		242		11			253		(2	)		251
	Total depreciation and amortization		399		(32	)		367			(22	)		345		(1	)		344		2			346		(6	)		340		13			353		(2	)		351

	Total operating expenses
	Legacy Frontier		384		(33	)		351			(1	)		350		(2	)		348		(6	)		342		87			429		(58	)		371		(8	)		363
	Acquired properties		819		(22	)		797			(3	)		794		(21	)		773		26			799		(59	)		740		8			748		(15	)		733
	Total operating expenses		1,203		(55	)		1,148			(4	)		1,144		(23	)		1,121		20			1,141		28			1,169		(50	)		1,119		(23	)		1,096

(1)	Sequential quarterly changes in Costs and Expenses of the acquired properties are impacted by variations in employee and contractor levels at the acquired properties prior to closing on July 1, 2010, including an increase in employees and contractors in the first six months of 2010.

Frontier Communications Corporation
Pro Forma Combined Historical Capital Expenditures Support Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011

																																Actual						Actual						Actual
		June 30,						September 30,						December 31,						March 31,						June 30,						September 30,						December 31,						March 31,
(Amounts in millions of dollars)		2009			Var.			2009			Var.			2009			Var.			2010			Var.			2010			Var.			2010			Var.			2010			Var.			2011

Capital expenditures:
	Base wireline operations
	Legacy Frontier		53			1			54			15			69			(29	)		40			13			53			2			55			24			79			(25	)		54
	% of revenue		10	%		0	%		10	%		3	%		13	%		-5	%		8	%		2	%		10	%		1	%		11	%		5	%		16	%		-5	%		11	%
	Acquired properties		90			18			108			(3	)		105			(30	)		75			16			91			(7	)		84			48			132			7			139
	% of revenue		9	%		2	%		11	%		0	%		11	%		-3	%		8	%		2	%		10	%		-1	%		9	%		6	%		15	%		2	%		17	%
	Total capital expenditures		143			19			162			12			174			(59	)		115			29			144			(5	)		139			72			211			(18	)		193
	% of revenue		9	%		2	%		11	%		1	%		12	%		-4	%		8	%		2	%		10	%		0	%		10	%		6	%		16	%		-2	%		14	%

	Fiber optic		54			(23	)		31			4			35			(14	)		21			(3	)		18			2			20			(2	)		18			(8	)		10
	% of revenue		4	%		-2	%		2	%		0	%		2	%		-1	%		1	%		0	%		1	%		0	%		1	%		0	%		1	%		0	%		1	%

	Capital Expenditures
	(excluding integration):
	Legacy Frontier		53			1			54			15			69			(29	)		40			13			53			2			55			24			79			(25	)		54
	% of revenue		10	%		0	%		10	%		3	%		13	%		-5	%		8	%		2	%		10	%		1	%		11	%		5	%		16	%		-5	%		11	%
	Acquired properties		144			(5	)		139			1			140			(44	)		96			13			109			(5	)		104			46			150			(1	)		149
	% of revenue		14	%		0	%		14	%		1	%		15	%		-5	%		10	%		2	%		12	%		0	%		12	%		5	%		17	%		1	%		18	%
	Total capital expenditures		197			(4	)		193			16			209			(73	)		136			26			162			(3	)		159			70			229			(26	)		203
	% of revenue		13	%		0	%		13	%		1	%		14	%		-5	%		9	%		2	%		11	%		0	%		11	%		6	%		17	%		-2	%		15	%

Frontier Communications Corporation
Pro Forma Combined Historical Residential Customer Metrics Support Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011

																																	Actual						Actual						Actual
		(Amounts in millions,	June 30,						September 30,						December 31,						March 31,						June 30,						September 30,						December 31,						March 31,
except operating data)			2009			Var.			2009			Var.			2009			Var.			2010			Var.			2010			Var.			2010			Var.			2010			Var.			2011

Residential customer metrics:
	Customers -
		Legacy Frontier		1,304,244			(27,178	)		1,277,066			(22,558	)		1,254,508			(24,082	)		1,230,426			(23,827	)		1,206,599			(20,780	)		1,185,819			(22,058	)		1,163,761			(21,024	)		1,142,737
		Acquired properties		2,828,350			(112,887	)		2,715,463			(94,187	)		2,621,276			(77,884	)		2,543,392			(96,657	)		2,446,735			(94,459	)		2,352,276			(70,844	)		2,281,432			(85,863	)		2,195,569
		Total residential customers		4,132,594			(140,065	)		3,992,529			(116,745	)		3,875,784			(101,966	)		3,773,818			(120,484	)		3,653,334			(115,239	)		3,538,095			(92,902	)		3,445,193			(106,887	)		3,338,306

	Revenue -
		Legacy Frontier	$	228		$	(4	)	$	224		$	(6	)	$	218		$	2		$	220		$	1		$	221		$	(2	)	$	219		$	(5	)	$	214		$	(1	)	$	213
		Acquired properties		480			(14	)		466			(11	)		455			(20	)		435			(11	)		424			(13	)		411			(18	)		393			(29	)		364
		Total residential revenue	$	708		$	(18	)	$	690		$	(17	)	$	673		$	(18	)	$	655		$	(10	)	$	645		$	(15	)	$	630		$	(23	)	$	607		$	(30	)	$	577

	ARPU -
		Legacy Frontier	$	57.74		$	(0.06	)	$	57.68		$	(0.16	)	$	57.52		$	1.61		$	59.13		$	1.31		$	60.44		$	0.59		$	61.03		$	(0.29	)	$	60.74		$	0.74		$	61.48
		Acquired properties	$	55.57		$	0.43		$	56.00		$	0.83		$	56.83		$	(0.76	)	$	56.07		$	0.57		$	56.64		$	0.49		$	57.13		$	(0.61	)	$	56.52		$	(2.32	)	$	54.20
		Total residential ARPU	$	56.25		$	0.29		$	56.54		$	0.51		$	57.05		$	0.01		$	57.06		$	0.83		$	57.89		$	0.54		$	58.43		$	(0.49	)	$	57.94		$	(1.27	)	$	56.67

	Percent of customers on price protection plans -
		Legacy Frontier		49.6	%		1.4	%		51.0	%		2.3	%		53.3	%		2.0	%		55.3	%		1.5	%		56.8	%		0.8	%		57.6	%		0.8	%		58.4	%		0.6	%		59.0	%

	Customer monthly churn -
		Legacy Frontier		1.40	%		0.15	%		1.55	%		-0.14	%		1.41	%		-0.04	%		1.37	%		0.00	%		1.37	%		0.02	%		1.39	%		-0.03	%		1.36	%		-0.01	%		1.35	%
		Acquired properties		2.37	%		0.18	%		2.55	%		-0.24	%		2.31	%		-0.21	%		2.10	%		0.21	%		2.31	%		-0.18	%		2.13	%		-0.35	%		1.78	%		0.23	%		2.01	%
		Total residential customer monthly churn		2.07	%		0.17	%		2.24	%		-0.22	%		2.02	%		-0.16	%		1.86	%		0.15	%		2.01	%		-0.13	%		1.88	%		-0.24	%		1.64	%		0.15	%		1.79	%

	Products per residential customer- (1)
		Legacy Frontier		2.46			0.02			2.48			0.06			2.54			-			2.54			0.03			2.57			0.01			2.58			0.02			2.60			0.04			2.64
		Acquired properties		1.93			0.03			1.96			0.03			1.99			0.02			2.01			0.05			2.06			0.04			2.10			0.05			2.15			0.05			2.20
		Total products per residential customer		2.10			0.03			2.13			0.03			2.16			0.03			2.19			0.04			2.23			0.03			2.26			0.04			2.30			0.05			2.35

(1)	Products per residential customer: primary residential voice line, HSI and video products have a value of 1. Long distance, Frontier Peace of Mind, second lines, feature packages and dial-up have a value of 0.5. Acquired properties did not have Frontier Peace of Mind.

Frontier Communications Corporation
Pro Forma Combined Historical Business Customer Metrics Support Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011


																										Actual						Actual						Actual
		June 30,					September 30,					December 31,					March 31,				June 30,					September 30,						December 31,						March 31,
(Amounts in millions,		2009		Var.			2009		Var.			2009		Var.			2010		Var.		2010		Var.			2010			Var.			2010			Var.			2011
	except operating data)

Business customer metrics:
	Customers -
	Legacy Frontier		146,833		(902	)		145,931		(5,168	)		140,763		(2,540	)		138,223		305		138,528		(1,072	)		137,456			(1,973	)		135,483			(2,832	)		132,651
	Acquired properties (1)	NA					NA					NA					NA				NA						222,906			(8,550	)		214,356			(7,836	)		206,520
	Total business customers	NA					NA					NA					NA				NA						354,233	(2)		(10,410	)		343,823	(2)		(10,427	)		333,396	(2)

	Revenue -
	Legacy Frontier	$	217	$	(5	)	$	212	$	-		$	212	$	(1	)	$	211	$	4	$	215	$	(2	)	$	213		$	(4	)	$	209		$	4		$	213
	Acquired properties		427		(11	)		416		(37	)		379		21			400		-		400		(8	)		392			(10	)		382			9			391
	Total business revenue	$	644	$	(16	)	$	628	$	(37	)	$	591	$	20		$	611	$	4	$	615	$	(10	)	$	605		$	(14	)	$	591		$	13		$	604

	ARPU -
	Legacy Frontier	$	487.83	$	(4.56	)	$	483.27	$	8.95		$	492.22	$	11.19		$	503.41	$	14.30	$	517.71	$	(4.30	)	$	513.41		$	(2.45	)	$	510.96		$	17.94		$	528.90
	Acquired properties (1)	NA					NA					NA					NA				NA					$	581.05		$	1.65		$	582.70		$	36.76		$	619.46
	Total business ARPU	NA					NA					NA					NA				NA					$	565.06		$	(0.28	)	$	564.78		$	29.61		$	594.39

(1)	Business customer metrics for the acquired properties is not available for prior periods.
(2)	Excludes master customer accounts of 6,129, 6,016 and 5,775 that overlap Legacy Frontier and Acquired properties as of September 30, 2010, December 31, 2010 and March 31, 2011, respectively.

Frontier Communications Corporation
Pro Forma Combined Historical Access Lines Support Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011


																												Actual					Actual					Actual
			June 30,					September 30,					December 31,					March 31,					June 30,					September 30,					December 31,					March 31,
			2009		Var.			2009		Var.			2009		Var.			2010		Var.			2010		Var.			2010		Var.			2010		Var.			2011

Access lines:
	Residential -
		Legacy Frontier		1,405,258		(30,436	)		1,374,822		(25,312	)		1,349,510		(26,845	)		1,322,665		(26,194	)		1,296,471		(23,299	)		1,273,172		(24,778	)		1,248,394		(23,428	)		1,224,966
		Acquired properties		2,967,737		(121,613	)		2,846,124		(101,044	)		2,745,080		(84,329	)		2,660,751		(102,081	)		2,558,670		(96,682	)		2,461,988		(74,712	)		2,387,276		(90,532	)		2,296,744
		Total residential access lines		4,372,995		(152,049	)		4,220,946		(126,356	)		4,094,590		(111,174	)		3,983,416		(128,275	)		3,855,141		(119,981	)		3,735,160		(99,490	)		3,635,670		(113,960	)		3,521,710

	Business -
		Legacy Frontier		783,869		(6,983	)		776,886		(8,884	)		768,002		(7,855	)		760,147		(4,599	)		755,548		(5,511	)		750,037		(8,957	)		741,080		(7,666	)		733,414
		Acquired properties		1,498,743		(25,876	)		1,472,867		(24,810	)		1,448,057		(24,824	)		1,423,233		(24,672	)		1,398,561		(12,846	)		1,385,715		(16,747	)		1,368,968		(15,128	)		1,353,840
		Total business access lines		2,282,612		(32,859	)		2,249,753		(33,694	)		2,216,059		(32,679	)		2,183,380		(29,271	)		2,154,109		(18,357	)		2,135,752		(25,704	)		2,110,048		(22,794	)		2,087,254

	Total -
		Legacy Frontier		2,189,127		(37,419	)		2,151,708		(34,196	)		2,117,512		(34,700	)		2,082,812		(30,793	)		2,052,019		(28,810	)		2,023,209		(33,735	)		1,989,474		(31,094	)		1,958,380
		Acquired properties		4,466,480		(147,489	)		4,318,991		(125,854	)		4,193,137		(109,153	)		4,083,984		(126,753	)		3,957,231		(109,528	)		3,847,703		(91,459	)		3,756,244		(105,660	)		3,650,584
		Total access lines		6,655,607		(184,908	)		6,470,699		(160,050	)		6,310,649		(143,853	)		6,166,796		(157,546	)		6,009,250		(138,338	)		5,870,912		(125,194	)		5,745,718		(136,754	)		5,608,964

Frontier Communications Corporation
Pro Forma Combined Historical Other Operating Support Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011


																									Actual					Actual					Actual
			June 30,				September 30,				December 31,				March 31,					June 30,					September 30,					December 31,					March 31,
			2009		Var.		2009		Var.		2009		Var.		2010		Var.			2010		Var.			2010		Var.			2010		Var.			2011

HSI subscribers (DSL and
Fiber optic)
	Legacy Frontier			613,810		7,521		621,331		14,616		635,947		8,113		644,060		3,427			647,487		3,244			650,731		1,435			652,166		3,215			655,381
	Acquired properties:
	DSL			906,420		3,374		909,794		1,884		911,678		3,752		915,430		(20,750	)		894,680		(11,475	)		883,205		(1,024	)		882,181		12,159			894,340
	Fiber Optic			140,145		3,743		143,888		3,736		147,624		3,861		151,485		2,924			154,409		3,260			157,669		5,151			162,820		(4,863	)		157,957
	Total			1,046,565		7,117		1,053,682		5,620		1,059,302		7,613		1,066,915		(17,826	)		1,049,089		(8,215	)		1,040,874		4,127			1,045,001		7,296			1,052,297
		Total HSI subscribers		1,660,375		14,638		1,675,013		20,236		1,695,249		15,726		1,710,975		(14,399	)		1,696,576		(4,971	)		1,691,605		5,562			1,697,167		10,511			1,707,678

Video subscribers
	Direct Broadcast Satellite (DBS)
	Legacy Frontier			157,353		7,182		164,535		8,426		172,961		2,814		175,775		3,784			179,559		2,046			181,605		3,940			185,545		8,703			194,248
	Acquired properties			188,148		7,671		195,819		5,620		201,439		5,392		206,831		916			207,747		6,129			213,876		8,068			221,944		17,888			239,832
		Total DBS subscribers		345,501		14,853		360,354		14,046		374,400		8,206		382,606		4,700			387,306		8,175			395,481		12,008			407,489		26,591			434,080

	Fiber optic - acquired properties			102,791		4,292		107,083		3,916		110,999		3,296		114,295		2,943			117,238		2,922			120,160		3,797			123,957		(11,633	)		112,324
		Total video subscribers		448,292		19,145		467,437		17,962		485,399		11,502		496,901		7,643			504,544		11,097			515,641		15,805			531,446		14,958			546,404

Frontier Communications Corporation
Pro Forma Combined Historical ARPU Support Data
for the Five Quarters Ended June 30, 2010
and
Actual Financial and Operating Data
for the Quarters Ended September 30, 2010, December 31, 2010 and March 31, 2011

																										Actual					Actual				Actual
		June 30,					September 30,					December 31,				March 31,					June 30,					September 30,					December 31,				March 31,
		2009		Var.			2009		Var.			2009		Var.		2010		Var.			2010		Var.			2010		Var.			2010		Var.		2011

Average monthly total revenue per access line
	Legacy Frontier	$	80.52	$	0.39		$	80.91	$	0.44		$	81.35	$	1.16	$	82.51	$	0.71		$	83.22	$	0.67		$	83.89	$	(0.69	)	$	83.20	$	2.06	$	85.26
	Acquired properties	$	76.57	$	0.73		$	77.30	$	(2.15	)	$	75.15	$	1.25	$	76.40	$	(0.29	)	$	76.11	$	(0.08	)	$	76.03	$	(0.81	)	$	75.22	$	0.55	$	75.77
	Total average monthly total revenue per access line	$	76.24	$	0.65		$	76.89	$	(1.06	)	$	75.83	$	1.96	$	77.79	$	0.72		$	78.51	$	0.22		$	78.73	$	(0.75	)	$	77.98	$	1.09	$	79.07

Average monthly customer revenue (1) per access line
	Legacy Frontier	$	67.29	$	(0.39	)	$	66.90	$	0.26		$	67.16	$	1.26	$	68.42	$	1.85		$	70.27	$	0.33		$	70.60	$	(0.28	)	$	70.32	$	1.52	$	71.84
	Acquired properties	$	66.61	$	0.32		$	66.93	$	(1.61	)	$	65.32	$	1.93	$	67.25	$	1.06		$	68.31	$	0.29		$	68.60	$	(0.65	)	$	67.95	$	0.01	$	67.96
	Total average monthly customer revenue (1) per
	access line	$	66.88	$	0.04		$	66.92	$	(0.99	)	$	65.93	$	1.72	$	67.65	$	1.33		$	68.98	$	0.31		$	69.29	$	(0.52	)	$	68.77	$	0.54	$	69.31

(1)	Customer revenue is defined as total revenue less regulatory revenue. Regulatory revenue includes switched access and subsidies.

Frontier Communications Parent (FYBR) 8-KFrontier Communications Reports 2011 First Quarter Results