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Frontier Communications Parent, Inc. - FYBR STOCK NEWS

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.

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Frontier Communications Parent, Inc. (NASDAQ: FYBR) reported first-quarter 2024 results, showing year-over-year revenue growth for the first time since 2015 and accelerated Adjusted EBITDA growth. The company achieved a 24% increase in fiber broadband revenue, adding 322,000 fiber passings and 88,000 fiber broadband customers. Operating income was $90 million with net income of $1 million. Adjusted EBITDA reached $547 million, a 5.4% increase year-over-year. The company generated $335 million in net cash from operations and had total cash capital investment of $1.0 billion. Consumer revenue increased 3.4% year-over-year to $787 million, with fiber revenue up by 12.7% to $505 million. Business and Wholesale revenue was stable at $659 million, with fiber revenue up by 6.8% to $300 million. Frontier reaffirmed its operational and financial expectations for 2024, including Adjusted EBITDA of $2.20 - $2.25 billion and cash capital investment of $3.00 - $3.20 billion.

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Frontier announces the launch of the 'Good to Go' campaign, promoting their high-speed and reliable fiber internet technology that is built to last a lifetime. The campaign aims to showcase how fiber technology can meet the increasing demands for data and serve customers well into the future. Frontier offers a 30-day money back guarantee to customers switching to their fiber internet service, emphasizing its speed, reliability, and availability.

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Frontier Communications Parent, Inc. (FYBR) to report first-quarter 2024 financial results on May 3, 2024. Webcast at 8:30 a.m. ET. Access details on Investor Relations website at 7:00 a.m. ET.
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Frontier (NASDAQ: FYBR) secures $24.7M grant to expand high-speed fiber broadband in rural Illinois, enhancing connectivity for homes and businesses. The project aims to bridge the digital divide, boost economic growth, and improve access to key services like healthcare and education.
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Frontier Communications Parent, Inc. (FYBR) announces Vishal Dixit's presentation at The New Street Research and BCG Fiber-to-the-Future Conference on March 22, 2024.
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Frontier (NASDAQ: FYBR) launches 'ForMe Rewards' customer program with no sign-ups or tiers, offering free giveaways, deals, and special offers from popular brands through their app. The program aims to thank customers and enhance engagement.
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Frontier Communications Parent, Inc. (FYBR) CFO to Present at Raymond James Conference on March 4, 2024
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Frontier Communications Parent, Inc. (FYBR) reported strong financial performance in Q4 and full-year 2023, achieving the first full year of organic Adjusted EBITDA growth in over a decade. The company doubled its fiber footprint since 2020, reaching a milestone of two million fiber broadband customers. Frontier expects accelerated mid-single-digit Adjusted EBITDA growth in 2024, showcasing a positive outlook for shareholders.
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JANA Partners issues a statement regarding Frontier Communications Parent, Inc.'s formal review process to unlock shareholder value. The company's Board of Directors and management team are exploring opportunities to enhance shareholder value, aiming to maximize long-term growth and returns. Frontier's stock symbol is FYBR.
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Frontier Communications Parent, Inc. (FYBR) announces the appointment of Woody Young to its Board of Directors, highlighting his extensive experience in the telecom industry. The company also provides an update on its value creation efforts, including its fiber-first strategy, EBITDA growth, and plans to unlock shareholder value through various opportunities.
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FAQ

What is the current stock price of Frontier Communications Parent (FYBR)?

The current stock price of Frontier Communications Parent (FYBR) is $34.65 as of December 20, 2024.

What is the market cap of Frontier Communications Parent (FYBR)?

The market cap of Frontier Communications Parent (FYBR) is approximately 8.7B.

What services does Frontier Communications Parent, Inc. offer?

Frontier Communications provides video, high-speed internet, advanced voice services, and digital protection solutions through its fiber-optic and copper networks.

Where is Frontier Communications Parent, Inc. headquartered?

Frontier Communications Parent, Inc. is headquartered in Dallas, Texas.

What market areas does Frontier Communications serve?

Originally serving rural areas and smaller communities, Frontier Communications now also serves several large metropolitan markets across the United States.

What recent challenges has Frontier Communications faced?

Frontier Communications recently faced a data breach affecting over 751,895 individuals, compromising personal information such as names and Social Security Numbers.

What is the recent news regarding Frontier Communications Parent, Inc.?

Edelson Lechtzin LLP is investigating claims of data privacy violations following a breach detected on April 14, 2024, where personal information of many individuals was compromised.

Who is investigating the data breach at Frontier Communications?

The law firm Edelson Lechtzin LLP is investigating the data breach and potential legal remedies for those affected.

What steps should I take if I receive a data breach notification from Frontier?

If you receive a data breach notification, understand the risks of potential misuse of your information, including identity theft, and explore your legal options for mitigating such risks.

How does Frontier Communications support businesses?

Frontier Communications offers customized communication solutions for small, medium, and enterprise businesses, ensuring reliable connectivity and advanced technological services.

How is Frontier Communications enhancing its services?

Frontier Communications continuously invests in infrastructure and service improvements to enhance customer experience and remain competitive in the telecommunications industry.

Where can I find more information about the data breach investigation?

For more information about the data breach investigation, you can contact Edelson Lechtzin LLP or visit their website.

Frontier Communications Parent, Inc.

Nasdaq:FYBR

FYBR Rankings

FYBR Stock Data

8.66B
244.32M
1.27%
95.7%
3.41%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
DALLAS