Frontier to Report Third-Quarter 2024 Earnings on November 5, 2024

Rhea-AI Summary

Frontier Communications (NASDAQ: FYBR) has announced it will release its third-quarter 2024 financial results after market close on Tuesday, November 5, 2024. Due to the previously announced pending acquisition by Verizon Communications (announced on September 4, 2024), Frontier will not host a conference call to review the quarter or provide financial outlook.

Positive

• Pending acquisition by Verizon Communications, indicating potential shareholder value creation through M&A

Negative

• No financial outlook will be provided
• Discontinuation of earnings conference calls due to pending acquisition

Insights

Financial Analyst

The upcoming Q3 2024 earnings report announcement carries additional significance due to the pending acquisition by Verizon. While financial results will be published, the absence of a conference call and financial outlook is standard procedure during an acquisition process to avoid potential complications with regulatory approvals and deal negotiations. The $13.6 billion Verizon acquisition, announced in September 2024, values Frontier at $8.5 billion in equity and includes assumed debt. Investors should focus on operational metrics and fiber deployment progress in the earnings report, as these factors could impact the deal's completion. The acquisition is expected to close in 2025, subject to regulatory approvals.

DALLAS--(BUSINESS WIRE)-- Frontier Communications Parent, Inc. (NASDAQ:FYBR):

What’s happening?

Frontier Communications Parent, Inc. (NASDAQ: FYBR) (“Frontier”) today announced it will report its third-quarter 2024 financial results after the market closes on Tuesday, November 5, 2024.

Pending Acquisition by Verizon

As previously announced, on September 4, 2024, Verizon Communications Inc. (“Verizon”) and Frontier Communications Parent, Inc. entered into a definitive agreement for Verizon to acquire Frontier (the “transaction”). Due to the pending transaction, Frontier will not host a conference call to review the third quarter or provide a financial outlook.

About Frontier

Frontier (NASDAQ: FYBR) is the largest pure-play fiber provider in the U.S. Driven by our purpose, Building Gigabit America®, we deliver blazing-fast broadband connectivity that unlocks the potential of millions of consumers and businesses. For more information, visit www.frontier.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241031344239/en/

Investors

Spencer Kurn

SVP, Investor Relations

+1 401-225-0475

spencer.kurn@ftr.com

Media

Chrissy Murray

VP, Corporate Communications

+1 504-952-4225

chrissy.murray@ftr.com

Source: Frontier Communications Parent, Inc.

FAQ

When will Frontier (FYBR) report Q3 2024 earnings?

Frontier (FYBR) will report its third-quarter 2024 financial results after the market closes on Tuesday, November 5, 2024.

Why isn't Frontier (FYBR) hosting a Q3 2024 earnings call?

Frontier is not hosting an earnings call due to its pending acquisition by Verizon Communications, which was announced on September 4, 2024.

When was the Verizon acquisition of Frontier (FYBR) announced?

The definitive agreement for Verizon to acquire Frontier (FYBR) was announced on September 4, 2024.