It’s time to move on to the next big thing, Frontier Communications says.
The wireless company announced today that it will shut down operations and “no longer be operating as a business entity.”
“The news is devastating for Frontier,” said CEO and founder Michael O’Leary.
“As a company, we have worked hard to develop a strong product, and we are proud of our products and our business.
The announcement today was not the outcome we were hoping for.
Our team has worked tirelessly and diligently to deliver a new product and a better experience for our customers.
We will continue to deliver on that commitment.
We are taking all the necessary steps to make sure we can continue to offer Frontier’s customers a high quality product at competitive prices.”
Frontier, founded in 2012, is a mobile communications company that operates under the brand name Frontier Communications.
The company operates in more than 100 countries.
It has sold hundreds of millions of dollars worth of devices to customers, and has raised more than $1 billion.
Frontier was founded by three people who met at MIT in the 1980s.
Its first major product, the AT&T EdgePhone, was released in 2003.
At the time, AT&s was in the midst of building a cell phone that could compete with Apple’s iPhone.
In 2014, the company raised $150 million in Series B funding.
It was acquired by Verizon in 2019.