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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 2, 1998
FRONTIER CORPORATION
(Exact name of registrant as specified in its charter)
New York 1-4166 16-0613330
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
180 South Clinton Avenue, Rochester, New York 14646
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (716) 777-1000
Item 5 Other Events
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Frontier Corporation today announced that the acquisition of
GlobalCenter, Inc., a leader in Internet, data and digital
distribution services, has been completed.
As permitted by General Instruction F to Form 8-K, the
Registrant incorporates by reference the information contained in
the press release which is filed as an Exhibit to this Report on
Form 8-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf of the undersigned hereunto duly
authorized.
Frontier Corporation
(Registrant)
/s/ Barbara J. LaVerdi
Dated: March 2, 1998 By: ------------------------
Barbara J. LaVerdi
Assistant Secretary
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EXHIBIT INDEX
Exhibit Number Description
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99 Press Release reporting Filed herewith
acquisition of GlobalCenter,
Inc. is finalized.
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Frontier Corporation
180 South Clinton Avenue
Rochester, New York 14646
DATE: March 2, 1998
CONTACT: Randal A. Simonetti (media-Frontier Corporation), 716-777-5886
Kirsten J. Sullivan (investors), 716-777-6179
John Sidline (media-Frontier GlobalCenter), 408-328-4706
SUMMARY: FRONTIER FINALIZES ACQUISITION OF GLOBALCENTER
Completing transaction in six weeks underscores
commitment to be fast-to-market with industry
leading data services
ROCHESTER, N.Y., March 2, 1998 - Frontier Corporation (NYSE:FRO),
a leading nationwide provider of integrated communications
services to business customers, today announced that the
acquisition by Frontier of GlobalCenter, Inc., a leader in
Internet, data and digital distribution services, has been
completed. The acquisition, anticipated to close between 60 and
90 days after the January 15 announcement, took only six weeks.
Under the terms of the all stock transaction, Frontier
issued .401 shares of its common stock for each share of
GlobalCenter's stock. In total, and assuming all unvested
options and warrants, Frontier will issue 7.3 million shares for
all the outstanding shares of GlobalCenter.
"The speed with which this transaction was completed is
exactly what we wanted to achieve. Frontier, with GlobalCenter,
is demonstrating its commitment to be fast-to-market with
industry-leading data services," said Frontier Chief Executive
Officer and President Joseph P. Clayton. "Frontier is intent on
setting the standard in integrated services for business
customers nationwide."
Frontier GlobalCenter, which employs approximately 260
people and operates six domestic and international Media
Distribution Centers, will remain headquartered in the Silicon
Valley. The company emerged as a leader in Internet content
distribution with its commitment to first-class customer service,
a full suite of Internet connectivity and content services, and
an acclaimed digital distribution architecture.
Frontier GlobalCenter's digital distribution lets customers
bypass standard, congested Internet pathways resulting in faster
and more reliable delivery of content on the World Wide Web. It
has helped businesses successfully utilize the Internet as a
strategic channel for the distribution of content and commerce.
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The company counts some of the biggest brands in the Internet
arena among its 8,000 business customers, with names such as
Yahoo!, Netscape, USA Today, Electronic Arts and Talk City, among
others.
Frontier adds its self-healing SONET fiber optic network to
Frontier GlobalCenter's data services arsenal. Combined with the
company's technological leadership in the Internet arena and its
comprehensive range of products, the network's advanced
architecture will allow Frontier to expand Internet and data
service offerings beyond today's bandwidth-limited market.
Douglas T. Hickey, a recognized leader in the Internet and
data services industries, remains at the helm as president of
Frontier GlobalCenter and becomes senior vice president of
Frontier, reporting directly to Clayton. Hickey will lead the
development and execution of Frontier's data strategy.
"Frontier's facilities-based nationwide fiber optic IP network
enhances the performance we provide our existing customers, and
ensures that we are able to accommodate extremely high bandwidth
needs on the Internet," said Hickey. "Owning the network gives
us the potential to outperform our competition, the vast majority
of whom must lease bandwidth -- an increasingly scarce data
commodity -- in order to operate."
"We've worked aggressively over the past few weeks to get
our complete line of products into the hands of our 1,200-member
sales force, and now we're concentrating on getting them into the
hands of our customers," said Clayton. "We have the products, the
people and the network in place for Frontier to assume leadership
in the integrated communication services industry."
Frontier Corporation is one of the leading providers of
integrated communications services -- including local telephone,
long distance, wireless, Internet and data applications -- to
business customers nationwide. With Frontier's state-of-the-art,
self-healing, nationwide fiber optic network, customers will
enjoy faster transmission speeds, greater bandwidth capacity and
unrivaled reliability. For more information, visit the Frontier
web site at www.frontiercorp.com.
You can receive a faxed copy of any Frontier Corporation press
release dating back to March 1997, free of charge, 24 hours a
day. Call 1-800-758-5804, extension 762302. An automated system
will provide you with instructions.
Visit Frontier Corporation's home page on the World Wide Web:
http://www.frontiercorp.com.
