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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.

News

Frontier Completes Landmark Fiber Securitization Transaction

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Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced the closing of a fiber securitization notes offering, unlocking $2.1 billion in new capital to fully fund its fiber build. The transaction provides flexibility for future refinancing and is a significant milestone in the company's transformation. The offering is the first publicly traded company in the U.S. to secure funds backed by fiber-to-the-home assets, with a weighted average yield of approximately 8.797%. Goldman Sachs & Co. LLC, Barclays Capital Inc., and Morgan Stanley & Co. LLC were among the key parties involved in the transaction.
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Frontier Reports Second-Quarter 2023 Results

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Frontier Communications Parent, Inc. (NASDAQ: FYBR) reported second-quarter 2023 results, showing year-over-year EBITDA growth in the first half of the year, positive revenue growth in business and wholesale for the first time in six years, and a sequential increase in consumer broadband ARPU. They also achieved annualized run-rate cost savings of $460 million and priced $2.1 billion fiber securitization transactions.
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Frontier Announces $1.6 Billion Fiber Securitization Offering and $500 Million Variable Funding Notes Commitment

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Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced the pricing of $1.586 billion of secured fiber network revenue term notes, including the first offering of green bonds by a Frontier subsidiary. The Notes will be secured by certain fiber assets in the Dallas metropolitan area, with an anticipated repayment term of five years and a weighted average yield of approximately 8.797%. Frontier intends to use the net proceeds to defease existing indebtedness and for general corporate purposes, including potential investments in line with fiber expansion and copper migration strategies.
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Frontier Announces Fiber Securitization Offering

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Frontier Wins Again for Its Speeds and Low Latency

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Frontier (NASDAQ: FYBR): Frontier claimed first place for its speeds and low latency in key markets, including California, where it ranked No.1 overall as the top-rated internet provider. Ookla® Speedtest® results for the second quarter of 2023 showed Frontier outperforming its cable competitors in multiple states, validating the company's expansion of its fiber network and its commitment to delivering a superior internet experience.
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Frontier to Report Second-Quarter 2023 Earnings on August 4, 2023

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Frontier Communications Parent, Inc. (NASDAQ: FYBR) will report its second-quarter 2023 financial results on August 4, 2023. The webcast will begin at 8:30 a.m. ET with access instructions and presentation materials available at 7:00 a.m. ET on Frontier's Investor Relations website.
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Frontier Publishes 2022 ESG Report

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Frontier to Present at J.P. Morgan Global Technology, Media and Communications Conference

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Frontier to Present at MoffettNathanson Technology, Media, and Telecom Conference

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Frontier Reports First-Quarter 2023 Results

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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 $34.8 as of November 21, 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.

Stock FYBR logo
Frontier Communications Parent, Inc.

Nasdaq:FYBR

FYBR Rankings

#942 Ranked by Market Cap
N/A Ranked by Dividends

FYBR Stock Data

8.68B
244.31M
1.28%
96.75%
2.49%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
DALLAS