The Transaction (Tables)

6 Months Ended

Jun. 30, 2011

The Transaction [Abstract]

Allocation of the total transaction consideration

The final allocation of the purchase price presented below represents the effect of recording the final fair value of assets acquired, liabilities assumed and related deferred income taxes as of the date of the Transaction, based on the total transaction consideration of $5.4 billion.  The following allocation of purchase price includes revisions to the preliminary allocation that was reported as of December 31, 2010, primarily for goodwill, deferred taxes and current liabilities.

($ in thousands)
Total transaction consideration:				$	5,411,705
Current assets	$	454,513
Property, plant & equipment		4,407,676
Goodwill		3,774,151
Other intangibles – primarily customer list		2,532,200
Other noncurrent assets		75,092
Current liabilities		(483,118	)
Deferred income taxes		(1,430,122	)
Long-term debt		(3,456,782	)
Other noncurrent liabilities		(461,905	)
Total net assets acquired	$	5,411,705

Unaudited Pro Forma Condensed Combined Statement of Operations Information

The following unaudited pro forma financial information presents the combined results of operations of Frontier and the Acquired Business as if the Transaction had occurred as of January 1, 2010.  The pro forma information is not necessarily indicative of what the financial position or results of operations actually would have been had the Transaction been completed as of January 1, 2010.  In addition, the unaudited pro forma financial information is not indicative of, nor does it purport to project, the future financial position or operating results of Frontier.  The unaudited pro forma financial information excludes acquisition and integration costs and does not give effect to any estimated and potential cost savings or other operating efficiencies that could result from the Transaction.

UNAUDITED PRO FORMA CONDENSED COMBINED

STATEMENTS OF OPERATIONS INFORMATION

	For the three months ended June 30, 2010			For the six months ended June 30, 2010
($ in millions, except        per share amounts)
Revenue		$	1,434		$              2,890
Operating income			293		628
Net income attributable to common      shareholders of Frontier			90		182
Basic and diluted net income per common     share attributable to common     shareholders of  Frontier		$	0.09		$                0.18