FTRCQ Frontier Communications Corporation Class B

Frontier Communications Corporation to Present at Goldman Sachs 25th Annual Communacopia Conference

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

Frontier Communications Corporation (NASDAQ:FTR) announced that its President and CEO, Daniel J. McCarthy, is scheduled to present at the Goldman Sachs 25th Annual Communacopia Conference in New York, N.Y. on September 21, 2016 at 9:40 a.m. Eastern Time.

A live webcast will be available at Frontier’s Investor Relations website under “Webcasts and Presentations.”

About Frontier Communications

Frontier Communications Corporation is a Fortune 500 company and 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 Edge™ offers communications solutions to small, medium, and enterprise businesses. Frontier’s approximately 30,000 employees are based entirely in the United States. More information about Frontier is available at www.frontier.com.

EN
19/09/2016

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FTRCQFrontier Communications Corporation Class B

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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 8604.00
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 8604.00
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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
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FTRCQ FRONTIER COMMUNICATIONS CORPORATION CLASS B
03/02/24 March 2, 2024 1 EN
Jonathan Chaplin
  • Jonathan Chaplin
EUR 8604.00
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 8604.00
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

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