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Monday, May 6
More on Frontier: Residential customers fell by 28K Q/Q to 2.86M; business customers fell by 5K...
More on Frontier: Residential customers fell by 28K Q/Q to 2.86M; business customers fell by 5K to 281K. Total customer loss down from 50K in Q4 and 73K a year ago. 28K broadband net adds, 18K video adds. Business ARPU +4% Y/Y to $644, residential ARPU +2% to $59. Q1 capex was $189M, -9% Y/Y. Local/local distance revenue -9% Y/Y due to continued voice sub losses; data/Internet service revenue +2%; switched access/subsidy -9%. Thanks to free cash flow decline, dividend payout ratio was 48%, up from Q4's 45% and Q1 2012's 39%. FTR +0.2% AH. (PR)