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Frontier Communications Corp (FTR.O)

FTR.O on Nasdaq

3.67USD
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Frontier Communications reports 2016 third quarter results
Tuesday, 1 Nov 2016 04:05pm EDT 

Frontier Communications Corp : Frontier Communications Corp- Outlook for 2017 adjusted EBITDA reaffirmed . Frontier Communications Corp- For full year 2016, expects adjusted free cash flow - between $920 million and $950 million . Frontier Communications Corp- For full year 2016, expects capital expenditures between $1,250 million and $1,275 million . Frontier Communications Corp-In Q3, annualized cost synergy target is now $1.4 billion, up from $1.25 billion target outlined in Q2 earnings report . Frontier Communications- Sees cost synergies of $400 million to be achieved by mid-year 2019, including $250 million anticipated to be achieved by mid-year 2017 . FY2016 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S . FY2016 revenue view $9.24 billion -- Thomson Reuters I/B/E/S . Frontier Communications reports 2016 third quarter results . Q3 revenue $2.524 billion versus I/B/E/S view $2.57 billion . Q3 loss per share $0.12 .Q3 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S.  Full Article

Frontier Communications enters into credit agreement
Wednesday, 12 Oct 2016 04:30pm EDT 

Frontier Communications Corp : Frontier Communications Corp - on October 12, 2016, entered into a credit agreement for a $315 million senior secured term loan facility - SEC filing . Frontier - proceeds of term loan have been used to repay Frontier’s existing senior secured term loan under credit agreement dated as of Oct 14, 2011 . Frontier Communications Corp- final maturity date of credit agreement is October 12, 2021 Source: (http://bit.ly/2dMRIMW) Further company coverage: [FTR.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Frontier Communications says about 600 customers are on generator power due to loss of commercial power in North Carolina
Monday, 10 Oct 2016 02:07pm EDT 

Frontier Communications Corp : As of 8 a.m. Oct. 10, of 22,000 customers impacted by loss of commercial power, roughly 18,000 are in service . As of 8:00 a.m. on Monday, roughly 18,000 customers are in service using company's backup generator plan .In North Carolina, approximately 600 customers are on generator power due to loss of commercial power.  Full Article

Frontier Communications says continues to oppose rate changes mandated for all carriers
Friday, 7 Oct 2016 01:38pm EDT 

Frontier Communications: Frontier communications statement regarding FCC fact sheet on business data services . Continues to oppose rate changes mandated for all carriers . Projects that reductions, if implemented on July 1, 2017, would have revenue impact of about $10 million in 2017 . "we intend to mitigate potential effect of all rate reductions with incremental reductions in our expenses" .Projects that reductions, if implemented on July 1, 2017 would have a revenue impact of approximately $20 million in 2018 and 2019.  Full Article

Frontier Communications sees adjusted EBITDA of about $1 bln for Q3 2016
Wednesday, 21 Sep 2016 10:06am EDT 

Frontier Communications Corp : Frontier Communications Corp - Sees adjusted EBITDA of approximately $1 billion for Q3 OF 2016 - SEC Filing . Frontier Communications Corp - Anticipates that its adjusted EBITDA in Q4 will increase sequentially . Frontier Communications Corp sees $400 million in run rate expense reductions over next three years . Frontier Communications Corp sees $250 million of expense reductions by mid-year 2017 .Frontier Communications Corp sees achieving remaining $150 million in expense savings by mid-year-2019.  Full Article

Frontier Communications posts Q2 shr loss $0.07
Monday, 1 Aug 2016 04:01pm EDT 

Frontier Communications Corp : Frontier communications reports 2016 second quarter results . Q2 shr loss $0.07 . Q2 revenue $2.608 bln vs I/B/E/S view $2.74 bln . Q2 shr view $-0.03 -- Thomson Reuters I/B/E/S . 2016 guidance ranges narrowed . Sees 2016 capital expenditures to be in range of $1,275 mln to $1,325 mln . Sees 2016 adjusted free cash flow to be in range of $825 mln to $900 mln . Says for full year 2017, Frontier expects adjusted EBITDA to be greater than $4 bln .Raising cost synergy target to $1.25 bln from $700 mln annually.  Full Article

Frontier Communications extends exchange offer for senior notes
Friday, 27 May 2016 08:15am EDT 

Frontier Communications Corp : Frontier Communications extends exchange offer for senior notes . Extended until June 2, 2016 at 5:00 p.m., New York City time, expiration date of its offer to exchange some senior notes .Frontier Communications extends exchange offer for senior notes.  Full Article

Frontier Communications Completes Acquisition of Verizon Communications, Inc's Wireline Operations in California, Texas and Florida
Friday, 1 Apr 2016 10:11am EDT 

Frontier Communications Corporation:completion of its $10.54 billion acquisition of Verizon Communications, Inc. (NYSE:VZ) wireline operations providing services to residential, commercial and wholesale customers in California, Texas and Florida.The acquired businesses include approximately 3.3 million voice connections, 2.1 million broadband connections, and 1.2 million FiOS((reg))video subscribers, as well as the related incumbent local exchange carrier businesses.New customers will begin receiving monthly bills starting in mid-April.  Full Article

Frontier Communications Corp prices $6.6 billion senior notes offering
Friday, 11 Sep 2015 05:30pm EDT 

Frontier Communications Corp:Priced its previously announced private offering of $6.6 billion aggregate principal amount of unsecured senior notes.Says notes will be issued at a price equal to 100 pct of its principal amount.Intends to use the proceeds from the offering to finance a portion of the cash consideration payable in connection with its previously announced acquisition of the wireline properties of Verizon Communications Inc.  Full Article

Frontier Communications Corp announces $6.6 billion senior notes offering
Wednesday, 9 Sep 2015 07:51am EDT 

Frontier Communications Corp:Intends to offer, in a private transaction, up to $6.6 billion aggregate principal amount of Senior Notes.Intends to use the proceeds from the offering to finance a portion of the cash consideration for acquisition of the wireline properties of Verizon Communications Inc.Acquisition is expected to close by the end of the first quarter of 2016.  Full Article

BRIEF-Frontier Communications reports 2016 third quarter results

* Frontier Communications Corp- Outlook for 2017 adjusted EBITDA reaffirmed