FTRCQ Frontier Communications Corporation Class B

Frontier and Veterans Advantage to Reward Military, Veterans and Their Families

NORWALK, Conn.--(BUSINESS WIRE)--

Frontier Communications Corporation (NASDAQ:FTR) and Veterans Advantage today announced an annual savings program on qualifying new Frontier bundles for U.S. active duty, retirees, veterans, current and former guardsmen, reservists and their families enrolled with Veterans Advantage.

This savings program is newly created for Veterans Advantage members with a VetRewards Card, providing these special military savings when purchasing new Frontier Bundles for TV, Internet and/or home phone services.

Veterans Advantage members are eligible for the new Frontier Holiday Offer in FiOS and Vantage markets or an additional exclusive savings of $10 a month ($120 a year) for new triple-play bundles (Internet, TV and phone) or $5 a month ($60 a year) for new double-play bundles (Internet + TV or phone) in all other markets.

Veterans and their families who are enrolled in Veterans Advantage and reside in areas served by Frontier in the 29 states where it operates in can access their new savings online through a private enrollment portal at www.vetrewards.com/frontier.

"Frontier is proud to thank those who have served and continue to serve our country by offering special discounts on our services for Veterans Advantage members and their families," said David Cutcher, Frontier Program Manager. "We prioritize hiring veterans, and by offering the Veterans Advantage discount, we are pleased to offer a new way of making our veteran and military customers a priority, too," he added.

"We are excited to be offering Frontier’s value-added home entertainment benefits,” said Scott Higgins, co-founder and CEO of Veterans Advantage and a Vietnam War veteran.

Veterans Advantage issues the VetRewards Card, the first national military ID designed to protect veterans’ privacy when used to verify eligibility for military savings offers for redemption online, by phone or at point of sale in store locations. A special login created by the VetRewards Card enables members to access a special discount portal on Frontier double-and triple-play services.

In addition to Frontier, major travel, communications and retailer partners that accept the VetRewards Card and use the Veterans Advantage proprietary military verify platform are United Airlines, JetBlue Airways, Amtrak, Greyhound, Avis/Budget, CVS/pharmacy, T-Mobile, Foot Locker, Dell, Apple and 1-800 Flowers, among other Fortune companies and industry leaders.

About Frontier Communications

Frontier Communications Corporation (NASDAQ: FTR) is a leader in providing communications services to urban, suburban, and rural communities in 29 states. Frontier offers a variety of services to residential customers over its fiber-optic and copper networks, including video, high-speed internet, advanced voice, and Frontier Secure® digital protection solutions. Frontier Business offers communications solutions to small, medium, and enterprise businesses. More information about Frontier is available at www.frontier.com.

About Veterans Advantage, PBC

Veterans Advantage is a registered public benefit corporation with a mission to advocate for greater respect, recognition, and rewards for U.S. military veterans, active-duty, retirees, guardsmen, reservists and their family members. Founded before 9/11 by H. Scott Higgins, a former Army Lieutenant, and Vietnam War Veteran, and spouse, Lin Higgins, Veterans Advantage partners with its national coalition of trusted retailers, travel industry leaders, and service providers to deliver new everyday savings created exclusively to thank VetRewards Card members who have sacrificed for our freedoms. Veterans Advantage has issued over one million secure VetRewards Cards, which protects against identity theft and customer fraud. Coalition partners receive free, real-time verification of customer's military service, and card members seamlessly redeem their military offers online, in mobile apps, by toll-free phone, and at point-of-sale nationwide. Visit Veterans Advantage at www.Facebook.com/VetRewards and www.VeteransAdvantage.com.

EN
08/12/2017

Underlying

FTRCQFrontier Communications Corporation Class B

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Frontier Communications Corporation Class B

Vikash Harlalka
  • Vikash Harlalka
FTRCQ Frontier Commun...

FYBR Quick Hit: ABS debt priced

Frontier announced pricing for its latest ABS debt this afternoon, raising $750MM. The offering consists of $530MM Class A-2 notes at 6.2%, $73MM Class B notes at 7.0%, and $147MM Class C notes at 11.2%. The average cost of debt is 7.4%, which is in-line with our expectation, and ~140bps lower than their last ABS debt issuance. These new tranches of debt have an anticipated repayment period of 7 years (vs. 5 years on the last issuance).

FTRCQ FRONTIER COMMUNICATIONS CORPORATION CLASS B
06/06/24 June 6, 2024 1 EN
Jonathan Chaplin
  • Jonathan Chaplin
EUR 8466.00
FTRCQ Frontier Commun...

FYBR: Cash flow in steady state

Frontier management has set targets for EBITDA of $4BN and operating FCF of $3BN on a footprint with 10MM fiber locations, in steady state. We built a simple model to vet this outcome. Our model arrives at slightly lower EBITDA and UFCF; however, modest cost cuts get us to the target, and cost cuts are likely. In addition to vetting steady-state targets, the model illuminates how value is created in the fiber business. We built it so that you can easily change assumptions and see the impact on v...

FTRCQ FRONTIER COMMUNICATIONS CORPORATION CLASS B
03/15/24 March 15, 2024 1 EN
Jonathan Chaplin
  • Jonathan Chaplin
EUR 8466.00
CMCSA Comcast Corpora...
CHTR Charter Communi... ... (+3)

ACP Part V: FCC releases survey results

The FCC released a survey that included more than 5,000 ACP households today. The FCC repeated the mistake of prior surveys by asking whether households were new to broadband with ACP as opposed to subscribers that are new to broadband with one of the subsidy programs that followed the pandemic (stimulus checks; EBB; ACP). They also asked the important question, which is “what will you do when ACP ends”. Our quick analysis here focuses mostly on the social costs of ACP going away. We will ...

CMCSA COMCAST CORPORATION CLASS A
CHTR CHARTER COMMUNICATIONS INC. CLASS A
FTRCQ FRONTIER COMMUNICATIONS CORPORATION CLASS B
03/02/24 March 2, 2024 1 EN
Jonathan Chaplin
  • Jonathan Chaplin
EUR 8466.00
FTRCQ Frontier Commun...

FYBR: updating capex and funding through 2026

The Company’s new Capex disclosure provides a clear map for cash capex for the fiber project for the remainder of the 10MM location plan, which will take them into 2026. Stronger confidence in the capex trajectory for the next three years lends confidence to the FCF trajectory and funding requirements (we have eliminated a variable). This should make it easier for investors on the sidelines to underwrite the investment case.

FTRCQ FRONTIER COMMUNICATIONS CORPORATION CLASS B
03/02/24 March 2, 2024 1 EN
Jonathan Chaplin
  • Jonathan Chaplin
EUR 8466.00
FTRCQ Frontier Commun...

Frontier Model Update

This note focuses on changes to the model following 4Q23 results. Earlier today, we published a review of results and additional thoughts following the earnings call. Our net adds, revenue and EBITDA are slightly higher. Capex and FCF burn are also higher. Our long-term thesis remains unchanged. Price target is $54.

FTRCQ FRONTIER COMMUNICATIONS CORPORATION CLASS B
02/24/24 February 24, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch