Since Frontier Communications (NASDAQ: FTR) completed its deal to buy Verizon's wireline business in California, Texas, and Florida, the company has been in steady decline. Frontier spent $10.54 billion to add 3.3 million voice connections, 2.1 million broadband connections, and 1.2 million FiOS video subscribers, more than doubling its size.Unfortunately, it made that big bet around the time cord-cutting was beginning to become a problem for cable companies.