Welcome to our dedicated page for Frontier Communications Parent news (Ticker: FYBR), a resource for investors and traders seeking the latest updates and insights on Frontier Communications Parent stock.
Frontier Communications Parent, Inc. (symbol: FYBR) is a prominent American telecommunications company. Headquartered in Dallas, Texas, Frontier Communications offers a wide range of services to both residential and business customers. The company extends its reach through fiber-optic and copper networks, providing video, high-speed internet, advanced voice services, and digital protection solutions under the banner of Frontier Secure.
Originally serving primarily rural areas and smaller communities, Frontier has expanded its operations to include several large metropolitan markets, thereby significantly broadening its customer base. The company offers tailored communication solutions that cater to the needs of small, medium, and enterprise businesses, ensuring reliable connectivity and advanced technological services.
In the realm of business, Frontier Communications has forged several key partnerships and continues to invest in current projects aimed at enhancing its infrastructure and service offerings. Despite its extensive reach, the company remains focused on improving customer experience and technological advancements to stay competitive in the rapidly evolving telecommunications industry.
Recently, Frontier Communications has been in the news due to an investigation into data privacy violations. On April 14, 2024, the company detected unauthorized access to several of its internal IT systems. This breach compromised the personal information of at least 751,895 individuals, including names and Social Security Numbers. Edelson Lechtzin LLP is currently investigating claims related to this breach and potential legal remedies for affected customers.
For shareholders and potential investors, understanding Frontier Communications' operations, market reach, and current challenges is crucial. Despite recent setbacks, the company's extensive service portfolio and continuous efforts in infrastructure development highlight its commitment to growth and customer satisfaction.
Stay updated with the latest news and developments regarding Frontier Communications Parent, Inc. and their stock performances by following our detailed reports.
Frontier Communications (NASDAQ: FYBR) has partnered with YouTube TV to provide its customers with a streaming solution for live and on-demand video content. Starting December 6, 2021, Frontier customers can access over 85 networks, including sports and news, via Smart TVs, phones, and more. John Harrobin, Frontier's Executive VP, emphasized that this collaboration allows customers to enjoy their fiber-optic broadband alongside YouTube TV at competitive pricing. This offering supports Frontier's goal of enhancing customer value in the competitive streaming landscape.
Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced that CEO Nick Jeffery will present at the UBS Global TMT Virtual Conference on December 7, 2021, at 5:00 p.m. ET. A live audio webcast will be available on Frontier's Investor Relations website. Frontier provides a range of services including high-speed Internet, video, advanced voice, and digital protection solutions across 25 states. The company aims to support both residential and business customers, ensuring robust communication solutions.
Frontier Communications (NASDAQ: FYBR) announced that its CFO, Scott Beasley, will present at the BofA Securities 2021 Leveraged Finance Conference on December 2, 2021, at 9:00 a.m. ET. The event will be accessible via a live audio webcast through the company's Investor Relations website. Frontier Communications provides various services, including high-speed Internet and voice solutions, to residential and business customers across 25 states.
Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced that Spencer Kurn, Senior Vice President of Investor Relations, will present at the 5th Annual Virtual Wells Fargo TMT Summit on November 30, 2021, at 11:20 a.m. ET. A live audio webcast of this event will be accessible through the Webcasts & Events section of Frontier’s Investor Relations website. Frontier provides various services, including high-speed Internet, across 25 states.
Frontier Communications (NASDAQ: FYBR) announced that its President and CEO, Nick Jeffery, will present at the Morgan Stanley European Technology, Media & Telecom Conference on November 18, 2021, at 12:20 p.m. ET. Investors can access the live audio webcast via the Webcasts & Events section of Frontier’s Investor Relations website. Frontier provides various services, including high-speed Internet and digital protection solutions, across 25 states.
Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced that Chief Financial Officer Scott Beasley will present at the BCG and New Street Research 5G Conference on Mon., Nov. 15, 2021, at 9:20 a.m. ET. Investors can access a live audio webcast of the event through the Webcasts & Events section of Frontier’s Investor Relations website. Frontier provides various services, including high-speed Internet and digital protection solutions, across 25 states.
Frontier Communications reported its third-quarter 2021 results, achieving record fiber locations and customer growth. The company built fiber to 185,000 locations, totaling 3.8 million fiber passings. Revenue for the quarter stood at $1.58 billion, with a net income of $126 million and Adjusted EBITDA of $587 million. Despite a 6.1% overall revenue decline year-over-year, consumer fiber broadband revenue rose 14.6% to $243 million. Additionally, Frontier raised $1 billion in debt to enhance liquidity to approximately $2.7 billion, facilitating continued fiber expansion.
Frontier Communications (NASDAQ: FYBR) has partnered with eero, an Amazon company, to enhance its fiber-optic internet service by offering the eero Pro 6 to new customers. This collaboration aims to provide a superior whole-home Wi-Fi experience with symmetrical gigabit speeds and TrueMesh technology, which eliminates dead zones and buffering. Customers can manage their eero network via a mobile app, featuring advanced security measures and compatibility with Zigbee devices. This initiative aims to improve connectivity for various online activities, including gaming and streaming.
Frontier Communications announced the closure of a private offering of $1.0 billion in second lien secured notes due 2030, with a 6.000% annual interest. The proceeds will fund capital investments, operational costs from fiber expansion, and general corporate purposes. The notes were sold to qualified institutional buyers under Rule 144A and Regulation S, and they are not registered under the Securities Act, limiting their sale in the U.S.
Frontier Communications Holdings, LLC, a subsidiary of Frontier Communications Parent, Inc. (NASDAQ: FYBR), has announced a private offering of $1.0 billion in second lien secured notes due 2030, with a 6.000% interest rate. The offering is set to close on October 13, 2021, pending customary conditions. Proceeds will be utilized for capital investments, operating costs related to fiber expansion, and general corporate purposes. The notes are offered solely to qualified institutional buyers and are not registered under the Securities Act.
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