Frontier Awarded $15M Grant From The Realizing Opportunity With Broadband Infrastructure Networks To Expand Fiber Broadband Service To Unserved Communities In Clinton County, Michigan

7/11/24 8:07:37 AM ET

$FYBR

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Company will bring fast, reliable connectivity to homes and businesses across Michigan

Frontier Communications Parent, Inc. (NASDAQ:FYBR):

What Happened? Frontier (NASDAQ:FYBR) received $15M in grant funding to expand high-speed fiber broadband service to homes and businesses across Michigan. The grant was awarded by Realizing Opportunity with Broadband Infrastructure Networks (ROBIN).

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Recent Analyst Ratings for
$FYBR

Date	Price Target	Rating	Analyst
10/28/2024		Strong Buy → Mkt Perform	Raymond James
10/8/2024		Buy → Hold	TD Cowen
9/30/2024		Outperform → Peer Perform	Wolfe Research
9/17/2024	$35.00 → $38.50	Overweight → Neutral	JP Morgan
7/18/2024	$33.00	Buy	UBS
7/1/2024	$29.00	Buy	Goldman
4/15/2024	$28.00 → $30.00	Neutral → Buy	Citigroup
4/9/2024	$30.00	Buy	BofA Securities

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$FYBR
Leadership Updates

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Starboard Value Nominates Three Highly Qualified and Independent Candidates for Election to Algonquin Power's Board of Directors
Starboard Value LP (together with its affiliates, "Starboard" or "we") is the largest shareholder of Algonquin Power & Utilities Corp. (NYSE:AQN) (TSE: AQN) ("Algonquin" or the "Company") with an ownership stake of approximately 9.0%. Today, Starboard announced that it has nominated three highly qualified candidates (the "Starboard Nominees") for election to the Company's Board of Directors (the "Board") at the 2024 Annual General Meeting of Shareholders (the "Annual Meeting"), which has been scheduled for June 4, 2024. The Starboard Nominees are Brett Carter, Chris Lopez and Rob Schriesheim. In connection with its nominations, Starboard sent the below letter to the members of the Board.
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Frontier Announces Appointment of Woody Young to its Board of Directors
Provides Value Creation Update Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier" or the "Company") today announced the appointment of Woody Young to its Board of Directors, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240205071834/en/Mr. Woody Young (Photo: Business Wire) Mr. Young is the former Chairman of Mergers and Acquisitions at Perella Weinberg Partners, where he also led the firm's U.S. telecommunications and media advisory businesses. He previously served as the Co-Head of Global Telecommunications, Media, and Technology at Lazard. "We are delighted to welcome Woody Young to Fro
2/5/24 8:00:00 AM ET
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Frontier Appoints Newmark to Manage its Real-Estate Portfolio
Newmark's technology platform will further streamline Frontier's operations and drive efficiencies Frontier (NASDAQ:FYBR): TL;DR – The Byte-Size Download: Happening: Today, Frontier (NASDAQ:FYBR) announced it appointed Newmark, a world leader in commercial real estate, to manage its real-estate portfolio. Newmark's leading-edge, real-estate technology platform, Newlitic, and market expertise will help Frontier further streamline operations and identify cost savings opportunities. Why it Matters: Frontier's real-estate portfolio is made up of thousands of properties, including leased, owned and specialized network facilities, across 25 states. The entire portfolio will now be managed
1/17/23 8:00:00 AM ET
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Financials

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Frontier Reports Third-Quarter 2024 Results
Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") reported third-quarter 2024 results today. Third-Quarter 2024 Highlights Added 381,000 fiber passings to reach 7.6 million total locations passed with fiber Added 108,000 fiber broadband customers, resulting in fiber broadband customer growth of 19.3% year-over-year Consumer fiber broadband ARPU of $65.40, up 1.4% year-over-year Revenue of $1.49 billion increased 3.7% year-over-year as growth in fiber-based products was partly offset by declines in copper-based products Operating income of $86 million and net loss of $82 million Adjusted EBITDA of $549 million increased 4.4% year-over-year driven by revenue grow
11/5/24 4:30:00 PM ET
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Frontier to Report Third-Quarter 2024 Earnings on November 5, 2024
Frontier Communications Parent, Inc. (NASDAQ:FYBR): What's happening? Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier") today announced it will report its third-quarter 2024 financial results after the market closes on Tuesday, November 5, 2024. Pending Acquisition by Verizon As previously announced, on September 4, 2024, Verizon Communications Inc. ("Verizon") and Frontier Communications Parent, Inc. entered into a definitive agreement for Verizon to acquire Frontier (the "transaction"). Due to the pending transaction, Frontier will not host a conference call to review the third quarter or provide a financial outlook. About Frontier Frontier (NASDAQ:FYBR) is the largest
10/31/24 5:40:00 PM ET
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Carronade Capital Urges Frontier Communications Shareholders to Vote Against Sale to Verizon on Current Terms
DARIEN, Conn., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Carronade Capital, an alternative asset management firm, which beneficially owns approximately 2,000,000 shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) today released a letter to fellow Frontier shareholders. The full text of the letter is below: October 21, 2024 Dear Fellow Frontier Shareholder: Carronade Capital Management, LP ("Carronade" or "we" or "us") is a registered investment manager with approximately $2 billion in assets under management. Funds managed by Carronade beneficially own approximately 2,000,000 shares of Frontier Communications Parent, Inc. ("Frontier" or "Company"). Put plainly, we believe that the cu
10/21/24 8:56:08 AM ET
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Press Releases

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Frontier Releases New Study That Reveals Fiber Deployment Can Boost the U.S. Economy by Over $3 Trillion
First-of-its-kind economic study highlights the benefits of increased investment in fiber deployment Frontier (NASDAQ:FYBR): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120922301/en/(Graphic: Business Wire) What happened: Frontier, in partnership with the Fiber Broadband Associated (FBA), today published a new study that finds deploying fiber in the U.S. could generate an estimated $3.24 trillion in economic impact by increasing housing values, lifting average household income and creating jobs. Why it matters: The U.S. currently lags behind most developed countries in fiber deployment, with approximately 62 million br
11/20/24 9:00:00 AM ET
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Frontier Communications Congratulates FCC Commissioner Brendan Carr
Frontier (NASDAQ:FYBR) congratulates Commissioner Brendan Carr on his appointment as Chairman of the Federal Communications Commission. "Incoming FCC Chairman Brendan Carr has consistently championed initiatives that spur broadband expansion and promote equitable access to high-speed internet," said Frontier's CEO Nick Jeffery. "His thoughtful approach to telecom policy has paved the way for impactful investments that benefit consumers and strengthen the nation's connectivity. We are looking forward to continuing our work with the FCC to bridge the digital divide and provide broadband access to more Americans." About Frontier Frontier is the largest pure-play fiber provider in the U.S
11/19/24 8:30:00 AM ET
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Frontier Donates High-Speed Fiber Internet to Support Community Art and Education in Connecticut
Frontier (NASDAQ:FYBR): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114768598/en/Frontier teams up with RiseUP to bring "Magic Murals" to life in Hartford, Conn. (Beyond The Light / Frontier Communications) What's the donation: Frontier is donating high-speed fiber internet to the nonprofit RiseUP Group, Inc. in Hartford, Conn. through our Broadband for Good program. This will provide RiseUP with fast, reliable connectivity to power its art and education initiatives, inspiring and uplifting communities across Connecticut. What's Broadband for Good: Broadband for Good is our commitment to advancing digital inclusion and s
11/14/24 8:00:00 AM ET
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Frontier Awarded $15M Grant From The Realizing Opportunity With Broadband Infrastructure Networks To Expand Fiber Broadband Service To Unserved Communities In Clinton County, Michigan

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Recent Analyst Ratings for $FYBR

$FYBR Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Ares Management Llc bought $2,838,930 worth of shares (150,000 units at $18.93) (SEC Form 4)

Ares Management Llc bought $2,838,930 worth of shares (150,000 units at $18.93) (SEC Form 4)

Ares Management Llc bought $2,838,930 worth of shares (150,000 units at $18.93) (SEC Form 4)

$FYBR SEC Filings

SEC Form 144 filed by Frontier Communications Parent Inc.

Frontier Communications Parent Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

Frontier Communications Parent Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

$FYBR Analyst Ratings

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Frontier Communications Parent downgraded by Raymond James

Frontier Communications Parent downgraded by TD Cowen

Frontier Communications Parent downgraded by Wolfe Research

$FYBR Leadership Updates

Live Leadership Updates

Starboard Value Nominates Three Highly Qualified and Independent Candidates for Election to Algonquin Power's Board of Directors

Frontier Announces Appointment of Woody Young to its Board of Directors

Frontier Appoints Newmark to Manage its Real-Estate Portfolio

$FYBR Market Insights

Live Market Insights

A Glimpse Into The Expert Outlook On Frontier Communications Through 4 Analysts

UBS Initiates Coverage On Frontier Communications with Buy Rating, Announces Price Target of $33