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Frontier Communications Parent, Inc. - $FYBR STOCK NEWS

Welcome to our dedicated page for Frontier Communications Parent news (Ticker: $FYBR), a resource for investors and traders seeking the latest updates and insights on Frontier Communications Parent stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Frontier Communications Parent's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Frontier Communications Parent's position in the market.

Rhea-AI Summary
Frontier Communications relocates headquarters to Dallas, boosting local economy by $3.8 billion and securing 3,000 jobs over 10 years. Expansion of fiber network in Texas meets growing demand for high-speed connectivity. Still committed to Connecticut.
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-0.69%
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Frontier Communications Parent, Inc. CEO Nick Jeffery to present at Goldman Sachs Communacopia + Technology Conference.
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1.81%
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Rhea-AI Summary
Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced the closing of a fiber securitization notes offering, unlocking $2.1 billion in new capital to fully fund its fiber build. The transaction provides flexibility for future refinancing and is a significant milestone in the company's transformation. The offering is the first publicly traded company in the U.S. to secure funds backed by fiber-to-the-home assets, with a weighted average yield of approximately 8.797%. Goldman Sachs & Co. LLC, Barclays Capital Inc., and Morgan Stanley & Co. LLC were among the key parties involved in the transaction.
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0.17%
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Frontier Communications Parent, Inc. (NASDAQ: FYBR) reported second-quarter 2023 results, showing year-over-year EBITDA growth in the first half of the year, positive revenue growth in business and wholesale for the first time in six years, and a sequential increase in consumer broadband ARPU. They also achieved annualized run-rate cost savings of $460 million and priced $2.1 billion fiber securitization transactions.
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0.56%
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Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced the pricing of $1.586 billion of secured fiber network revenue term notes, including the first offering of green bonds by a Frontier subsidiary. The Notes will be secured by certain fiber assets in the Dallas metropolitan area, with an anticipated repayment term of five years and a weighted average yield of approximately 8.797%. Frontier intends to use the net proceeds to defease existing indebtedness and for general corporate purposes, including potential investments in line with fiber expansion and copper migration strategies.
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-2.9%
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Frontier (NASDAQ: FYBR): Frontier claimed first place for its speeds and low latency in key markets, including California, where it ranked No.1 overall as the top-rated internet provider. Ookla® Speedtest® results for the second quarter of 2023 showed Frontier outperforming its cable competitors in multiple states, validating the company's expansion of its fiber network and its commitment to delivering a superior internet experience.
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0.41%
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Frontier Communications Parent, Inc. (NASDAQ: FYBR) will report its second-quarter 2023 financial results on August 4, 2023. The webcast will begin at 8:30 a.m. ET with access instructions and presentation materials available at 7:00 a.m. ET on Frontier's Investor Relations website.
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1.97%
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Frontier Communications Parent, Inc.

Nasdaq:FYBR

FYBR Rankings

FYBR Stock Data

6.46B
156.38M
1.25%
109.81%
11.47%
Telecommunications Resellers
Information
Link
United States of America
DALLAS

About FYBR

Frontier Communications Parent, Inc. is an American telecommunications company. The company previously served primarily rural areas and smaller communities, but now also serves several large metropolitan markets.