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.
The National Weather Service has issued warnings for Tropical Storm Henri, targeting southeastern New England. Frontier Communications advises customers to prepare for potential disruptions in phone, video, and Internet services due to the storm. Crews are on standby to manage the network and address any issues as safety allows. Customers may experience longer wait times for service and are encouraged to have emergency kits with backup communication devices. Information for service disruptions and support can be found on Frontier's emergency resource page.
Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced that CFO Scott Beasley and CNO Veronica Bloodworth will present at the Cowen 7th Annual Communications Infrastructure Summit on August 12, 2021, at 11:40 a.m. ET. A live audio webcast of the event will be available on Frontier's Investor Relations website. Frontier offers a range of services, including high-speed Internet and digital protection solutions, across 25 states. More details can be found on Frontier's official website.
Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced an accelerated fiber network expansion, targeting 10 million locations by the end of 2025. In Q2 2021, the company built fiber to 157,000 new locations, with a new target of 600,000 for the year. Despite a 7.9% decline in consolidated revenue to $1.62 billion, fiber broadband revenue rose 13.6% to $268 million, reflecting 12,000 net customer additions. The company aims for $250 million in run rate savings by 2023. Adjusted EBITDA decreased to $633 million, influenced by revenue declines, while capital expenditures rose to $385 million.
Frontier Communications Parent, Inc. (NASDAQ: FYBR) has rescheduled its Investor Day on August 5 from 8:30 a.m. ET to 11 a.m. ET to avoid overlaps with other industry events. The event will feature updates on Frontier's strategic initiatives and second quarter financial results, presented by key executives including John Stratton and Nick Jeffery. The webcast and related materials will be available on Frontier's Investor Relations website, ensuring transparency and accessibility for stakeholders.
Frontier Communications Parent, Inc. (NASDAQ: FYBR) has appointed Spencer Kurn as Senior Vice President of Investor Relations, effective immediately. Kurn will report to CFO Scott Beasley and is recognized for his significant experience in the telecommunications sector. Previously, he worked at New Street Research and Credit Suisse, bringing valuable insights to engage with analysts and investors during Frontier's business transformation. Frontier provides high-speed internet, video, and digital protection solutions across 25 states.
Frontier Communications Parent, Inc. (NASDAQ: FYBR) has appointed Erin Kurtz as Chief Communications Officer. Kurtz, with two decades of diverse communications experience, previously served as Senior Vice President at XPO Logistics. She will report to CEO Nick Jeffery and aims to enhance engagement with stakeholders during a transformative phase for the company. Jeffery expressed confidence in her ability to impact culture and brand positively. Frontier offers services such as high-speed internet and digital protection across 25 states, catering to both residential and business customers.
Frontier Communications (NASDAQ: FYBR) is enhancing its 100% fiber-optic network in Texas, aiming to serve an additional 24,000 consumers in San Angelo by the end of 2021. This investment is part of a multi-year expansion strategy focused on providing high-speed broadband access. Frontier's Gig service offers superior download and upload speeds compared to local cable competitors, with no data caps or annual commitments. Customers can benefit from waived activation fees, a price guarantee, and promotional gifts. The fiber expansion includes several neighborhoods in San Angelo.
Frontier Communications Parent, Inc. (NASDAQ: FYBR) has appointed Margaret M. "Peggy" Smyth to its Board of Directors, effective June 30, 2021. Smyth, with extensive finance experience, will chair the Audit Committee and serve on the Operations Committee. She previously held the position of Chief Financial Officer at National Grid USA until June 2021. John Stratton, Executive Chairman, emphasized Smyth's exceptional qualifications and anticipated contributions to Frontier's business transformation.
Frontier Communications Parent, Inc. (NASDAQ: FYBR) will host a virtual Investor Day on August 5, 2021, at 8:30 AM ET. The event will detail the company's strategic review, including its fiber expansion plans and operational initiatives, alongside its second quarter financial results. A Q&A session will follow the formal presentation featuring key executives, including CEO Nick Jeffery and CFO Scott Beasley. Participants can access the presentation materials via Frontier's Investor Relations website, where further event details will be announced.
Frontier Communications Parent (NASDAQ: FYBR) has appointed Alan Gardner as Chief People Officer, formerly Senior Vice President of Human Resources at Verizon. Gardner's experience includes leading HR initiatives for 175,000 employees globally and overseeing Verizon Wireless during its $87 billion joint venture stage. His appointment aims to strengthen the leadership team and foster a winning culture as Frontier transitions into a modern technology company. Anne Meyer will resume her role as Senior Vice President, Associate General Counsel and Corporate Secretary.
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