Frontier relocates HQ to Dallas to boost local economy

Frontier Communications is taking its operations to the Lone Star State, announcing today it will relocate its headquarters from Norwalk, Connecticut to Dallas.

The company said it chose Dallas because it’s a business-friendly city that is “conveniently located” in the middle of its national footprint, making it easier to reach customers and “more efficiently manage” operations across the country.

Frontier expects the relocation to boost the local and state economy by $3.8 billion and add more than 3,000 jobs in the Dallas area over the next 10 years.

“Moving our headquarters to Dallas makes good business sense given the city is already home to hundreds of our corporate employees and sits in the middle of one of our most important fiber markets,” said Frontier CEO Nick Jeffery in a statement.

The move to Dallas is relevant given the market is tied to Frontier’s $2.1 billion fiber securitization offering, which the company completed in August.

“With a fast-growing economy and large, diverse pool of talent, Dallas is quickly becoming one of the nation’s top business cities. We’re proud to be part of it,” he added.

The $2.1 billion offering securitized approximately 600,000 locations in the Dallas area, raising Frontier’s debt to around $3,400 per passing.

At an investor conference last week, Jeffery commented the securitization gives Frontier “a very attractive pool of financing” for hitting 10 million fiber passings by the end of 2025 and “maybe to do other things beyond that as well.”

As part of the relocation, Frontier is investing in a new 95,000-square-foot office space, called the “GigaHub,” in uptown Dallas.

Texas is also poised to get a swarm of activity from the $42.5 billion Broadband Equity, Access and Deployment (BEAD) program, as it received the largest state allocation at $3.31 billion.

Frontier didn’t disclose how many more passings it’s targeting in Dallas specifically, but it said it plans to continue spending approximately $1 million per week to upgrade and improve its fiber network in the city’s metro area.

Despite moving its HQ farther west, Frontier stated it will maintain “a strong presence” in Connecticut and will continue to expand its fiber footprint there.