Frontier Communications Parent, Inc. - FYBR STOCK NEWS

Frontier (NASDAQ: FYBR) has launched a Gigaboard advisory council composed of innovators from various fields to enhance customer experience and explore future connectivity solutions. The council aims to leverage diverse perspectives in areas like AR/VR, gaming, and consumer technology, aligning with Frontier's goal of digital transformation and improved customer loyalty following the rollout of their 2 Gig network. The group will meet quarterly to discuss innovative ideas and influence service development, aiming to solidify Frontier's position as a leader in connectivity.

Frontier Communications Parent, Inc. (NASDAQ: FYBR) plans to exceed its 2022 target of 1 million fiber locations by an additional 100,000-200,000, according to CFO Scott Beasley at the MoffettNathanson Media Communications Summit. The company aims to enhance construction efficiencies with projected costs of $900-1000 per passing. Frontier has secured $1.2 billion in additional debt, maintaining a net leverage ratio of 2.5x and possessing $4 billion in liquidity, enabling them to fund the fiber build for two years without additional capital.

Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced that Executive Chairman John Stratton will present at the J.P. Morgan Global Technology, Media & Communications Conference. The event is scheduled for May 24, 2022, at 2:10 p.m. ET. A live audio webcast will be accessible via Frontier’s Investor Relations website.

Frontier is a leading communications provider, offering gigabit speeds across 25 states, focusing on building digital infrastructure and bridging the digital divide.

Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced that Chief Financial Officer Scott Beasley will present at the MoffettNathanson Media Communications Summit.

The virtual presentation is scheduled for May 18, 2022, at 2:00 p.m. ET. A live audio webcast can be accessed via Frontier’s Investor Relations website. Frontier is committed to providing gigabit speeds to enhance connectivity for millions across 25 states, while building critical digital infrastructure and promoting sustainability.

Frontier Communications Parent, Inc. (NASDAQ: FYBR) celebrates its one-year anniversary of relisting by ringing the Nasdaq closing bell. The event highlights the company's achievements, including expanding fiber locations to four million and launching multi-gig service network-wide. Frontier's leadership emphasizes a commitment to Building Gigabit America and delivering superior service. With a new brand and logo recently unveiled, Frontier is paving the way for critical digital infrastructure. The closing bell ceremony signifies a notable milestone in their transformation journey.

Frontier Communications Holdings, a subsidiary of Frontier Communications Parent, Inc. (FYBR), has announced the pricing of a private offering of $1.2 billion in first lien secured notes due 2030 with an interest rate of 8.750%. The offering is expected to close on May 12, 2022, subject to customary conditions. Proceeds will support capital investments for fiber expansion and operational costs. Additionally, the company increased its senior secured revolving credit facility to $900 million.

Frontier Communications Holdings, a subsidiary of Frontier Communications Parent, Inc. (NASDAQ: FYBR), plans to offer $800 million in first lien secured notes due 2030. The offering aims to support capital investments and operational costs linked to fiber expansion and general corporate purposes. These notes will be offered solely to qualified institutional buyers and will not be registered under the Securities Act. Frontier is committed to enhancing its fiber-optic network to provide gigabit speeds across 25 states, focusing on closing the digital divide.

Frontier Communications Parent, Inc. (NASDAQ: FYBR) reported first-quarter 2022 results, with revenue at $1.45 billion, reflecting a 10.7% decline year-over-year. Fiber broadband customer growth was notable, with 54,000 net additions and a 10.4% increase from Q1 2021. Adjusted EBITDA was $509 million, down from $654 million, impacted by revenue declines. The company maintained a strong capital structure with liquidity of approximately $2.7 billion. Frontier reaffirmed its 2022 outlook, targeting Adjusted EBITDA between $2.00 - $2.15 billion and fiber builds to at least 1 million new locations.

Frontier (NASDAQ: FYBR) has launched an enhanced video service offering, providing customers access to Apple TV+ and Apple TV 4K. The initiative includes a limited-time promotion where both new and existing customers can receive three months of Apple TV+ at no cost. Additionally, new 2 Gig customers will receive the Apple TV 4K device. This strategy aims to enhance customer satisfaction by combining Frontier’s high-speed fiber-optic technology with premium entertainment services, ultimately positioning the company as a competitive player in the telecommunications market.