real-time news and commentary for investors
Tuesday, Nov 6
2012, 11:30 AM
Though Frontier's (FTR -4%) top and bottom-line numbers met estimates, the rural telco is...
Though Frontier's (FTR -4%) top and bottom-line numbers met estimates, the rural telco is selling off. The loss of another 51.8K customers could be a factor, though that number is a little better than Q2's 65.7K. Local/long distance revenue fell 8% Y/Y as Frontier's local loop base continues to wither, while data revenue was up slightly. Free cash flow fell 24% Q/Q to $215.3M, though Frontier's 2012 FCF guidance is unchanged at $900M-$1B. 2013 capex guidance has been set at $625M-$675M, down from 2012's $750M-$775M. (PR)