12:08 PM
Rural communications company Frontier Communications (FTR) up 0.7% after its shareholders sign off on an $8.6B stock offer to acquire Verizon's (VZ) local exchange carriers in 14 states. Frontier takes over 4.8M Verizon lines in the deal and triples in size.
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Tuesday, August 4, 2009
07:09 AMFrontier Communications Corporation (FTR): Q2 EPS of $0.11 misses by $0.02. Revenue of $532M (-5%) vs. $534M. (PR)
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07:38 AMFrontier Communications (FTR) to acquire 4.8M land lines in 14 states from Verizon (VZ) for $8.6B in stock. Verizon will spin off some local exchanges into a new company (SpinCo), which will then be merged with Frontier. The deal will allow Verizon to focus on wireless, broadband and internet. Premarket VZ +1.8%. FTR flat. (PR)
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Thursday, May 7, 2009
07:04 AMFrontier Communications (FTR): Q1 EPS of $0.12 misses by $0.02. Revenue of $538M (-5.5%) vs. $547M. (PR)
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