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)

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Comments (5)
  • partner16
    , contributor
    Comments (3) | Send Message
    Frontier is turned the corner and will move up on the High Speed Internet orders as they have installed and are continuing to add DSLAMS to sign up new customers.They have lowered the prices and are getting more orders as cable is too high and unreliable.
    6 May 2013, 05:41 PM Reply Like
  • Sirocco110
    , contributor
    Comments (64) | Send Message
    I see no reason to be optimistic about this company. The way I read the numbers above, they are still losing customers, just not as fast. Other than provable numbers which are historic, no statements regarding their financial future from this company's upper management can be trusted. And THAT is an historical fact.
    6 May 2013, 07:10 PM Reply Like
  • ted lujan
    , contributor
    Comments (1750) | Send Message
    Sweet and Sour, I just do not know what to think!!
    I am long FTR, but have a lot of reservations about the future of the company
    6 May 2013, 08:06 PM Reply Like
  • slyolefox
    , contributor
    Comments (9) | Send Message
    I think all Telco's are losing landline customers as most are migrating to Cell Phones but, when Frontier is gaining Broadband and video subscribers in the thousands this will offset those losses on the
    landline side. If they will just engineer in additional fiber cable then they can gain more and more customers for their High Speed Internet services. This is where the money is with local subscribers.
    6 May 2013, 08:13 PM Reply Like
  • Dividend Bottom Feeder
    , contributor
    Comments (38) | Send Message
    Customers are going to wireless mobile internet not home based services.
    7 May 2013, 08:43 AM Reply Like
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