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Frontier Communications Corp (FTR.O)

FTR.O on Nasdaq

3.39USD
23 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Frontier Communications says continues negotiations with Sinclair Broadcast to renew carriage agreement
Thursday, 22 Dec 2016 02:47pm EST 

Frontier Communications Corp : Frontier communications corp says carriage agreement is scheduled to expire on dec. 31, 2016 .Press release - frontier communications continues negotiations with sinclair broadcast group to renew carriage agreement that provides content to approximately 3 percent of video subscribers.  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

Frontier Communications enters into a $1.5 bln loan facility - Form 8-K
Thursday, 13 Aug 2015 04:17pm EDT 

Frontier Communications Corporation:Entered into a $1.5 billion senior secured delayed-draw term loan facility.Term loan will be drawn in connection with closing of acquisition of Verizon Communications Inc.’s wireline operations.Final maturity date is the earlier of the fifth anniversary of the draw date and March 31, 2021.  Full Article

Frontier Communications Corp declares regular quarterly cash dividend
Wednesday, 29 Jul 2015 01:00pm EDT 

Frontier Communications Corp:Has declared regular quarterly cash dividend of $0.105 per share of common stock.Dividend payable on Sept. 30 to holders of record at the close of business on Sept. 15.  Full Article

Frontier Communications and Communications Workers of America reach agreement in California
Monday, 27 Jul 2015 02:30pm EDT 

Frontier Communications Corp and the Communications Workers of America District 9:Says deal to benefit Cwa-represented Employees,cos Future California Customers.Under terms,after deal with Verizon closes,will increase workforce in california with atleast 150 union-represented positions.Says agreement also provides for new customer service jobs in california.Says agreement contingent on consummation of proposed deal,which needs approval by fcc,california public utilities commission.  Full Article

Frontier Communications Corp closes offerings of $750 million of common stock and $1.750 billion of mandatory convertible preferred stock
Wednesday, 10 Jun 2015 10:30am EDT 

Frontier Communications Corp:Closes offerings of $750 million of common stock, par value $0.25 per share, at a public offering price of $5.00 per share, and $1.750 billion of 11.125% Mandatory Convertible Preferred Stock, Series A, par value $0.01 per share at a public offering price of $100.00 per share.Intends to use the proceeds from the offerings to finance a portion of the cash consideration payable in connection with Frontier's previously announced acquisition of the wireline operations of Verizon Communications Inc. in California, Florida and Texas and to pay related fees and expenses.Says acquisition is expected to close in the first half of 2016.The joint book-running managers for the offerings were J.P. Morgan Securities LLC, BofA Merrill Lynch and Citigroup Global Markets Inc.Co-managers for the offerings were Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Mizuho Securities, Deutsche Bank Securities Inc., Goldman, Sachs & Co. and UBS Securities LLC.  Full Article

More From Around the Web

Fitch Downgrades Frontier Communications' to 'BB-'; Maintains Negative Outlook

(The following statement was released by the rating agency) CHICAGO, February 22 (Fitch) Fitch Ratings has downgraded the Issuer Default Rating (IDR) of Frontier Communications Corp. (Frontier, NYSE: FTR) and its subsidiaries to 'BB-' from 'BB'. The Rating Outlook remains Negative. Additionally, Fitch has affirmed the first mortgage bonds at Frontier Southwest Inc. and has revised the long-term issue ratings of Frontier and other subsidiaries as listed at the end of this release. KEY RATING