Frontier Communications Parent, Inc. - FYBR STOCK NEWS

Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced it will report its first-quarter 2023 financial results on May 5, 2023, with a webcast presentation scheduled for 8:30 a.m. ET. Access to earnings release and relevant materials will be available from 7:00 a.m. ET on the Investor Relations website.

Frontier is committed to enhancing customer experience as part of its goal of "Building Gigabit America," delivering reliable fiber internet to millions across 25 states.

Frontier (NASDAQ: FYBR) has announced a partnership with YouTube TV, allowing customers to bundle high-speed fiber internet with live TV services on a single bill. This collaboration supports Frontier's goal as an 'un-cable provider', aimed at simplifying the customer experience. Subscribers can enjoy over 100 channels, unlimited DVR, and special pricing on YouTube TV, saving over $400 in their first year compared to traditional cable. The initiative follows Frontier's significant broadband customer growth, driven by its fiber-first strategy and recent innovations in fiber technology.

Frontier Communications Parent (NASDAQ: FYBR) has announced that Vishal Dixit, Chief Strategy Officer, will present at The New Street Research and BCG Fiber-to-the-Future Conference. The event is scheduled for March 28, 2023, at 9:20 a.m. ET. A live audio webcast of the presentation will be accessible via Frontier’s Investor Relations website.

Frontier is committed to the 'un-cable' revolution and aims to provide high-speed fiber internet across 25 states, focusing on enhancing customer experience. The company strives to build a digital infrastructure that connects consumers and businesses with reliable services.

Frontier Communications Parent, Inc. (NASDAQ: FYBR) has announced that its annual meeting of stockholders will be held on May 17, 2023, at 10:00 a.m. ET. The record date for determining eligible voters is March 21, 2023. The virtual meeting will be accessible via www.virtualshareholdermeeting.com/FYBR2023. Frontier continues to lead the "un-cable" revolution, aiming to enhance customer experiences by providing fiber internet and multi-gigabit speeds across 25 states, aligning with its mission of Building Gigabit America.

Frontier Communications Holdings has priced a private offering of $750 million in first lien secured notes due 2031, with an interest rate of 8.625%. The offering is expected to close on March 8, 2023. Proceeds will be used for capital investments and operating costs related to fiber expansion and general corporate purposes. The notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act. Frontier focuses on enhancing digital infrastructure through reliable fiber internet across 25 states.

Frontier Communications Holdings announces a private offering of $750 million in first lien secured notes due 2031. The net proceeds will support capital investments for fiber buildout and operational costs. The notes will be sold to qualified institutional buyers under Rule 144A and Regulation S, without registration under the Securities Act. Frontier continues its push for fiber internet expansion across 25 states, emphasizing its commitment to a better customer experience. The release includes forward-looking statements about potential risks and uncertainties, including competition, supply chain disruptions, and market conditions.

Frontier Communications Parent reported strong operational results in its Q4 and full-year 2022 financials. Highlights include building fiber to 1.2 million locations and achieving a total of 5.2 million fiber passings. Full-year revenue was $5.79 billion, with a net income of $441 million, while Q4 revenue reached $1.44 billion, reflecting a 6.9% decline year-over-year due to copper and subsidy declines. The company increased fiber broadband customer growth by 17.5%, adding 250,000 net customers. Frontier aims for continued growth in 2023, projecting Adjusted EBITDA of $2.11 - $2.16 billion and plans to build fiber to 1.3 million new locations.

Frontier Communications (NASDAQ: FYBR) launched its Fiber Innovation Labs on National Innovation Day to enhance its fiber-optic network through new patents and technologies. The labs aim to improve customer experience and operational efficiencies, essential to Frontier's fiber-first strategy. A notable addition is the first outside plant facility in Lewisville, Texas, simulating real-world conditions for testing and learning. According to Veronica Bloodworth, Chief Network Officer, the initiative will transform customer service and the industry.

Frontier (NASDAQ: FYBR) and AT&T (NYSE: T) announced a new agreement to enhance wireless infrastructure. This collaboration enables AT&T to deploy its wireless services leveraging Frontier's extensive fiber network, particularly in areas lacking fiber connectivity. The partnership builds on their existing relationship and aims to improve the resiliency and speed of AT&T's wireless offerings, especially for 5G. As the first tenant to utilize Frontier's central offices, AT&T will connect its cell towers to Frontier's fiber-to-the-tower (FTTT) infrastructure. This deal is pivotal for both companies in meeting growing data demands.