Comment on 4 Things Frontier CEO Daniel McCarthy Wants Investors to Know

4 Things Frontier CEO Daniel McCarthy Wants Investors to Know

Shares of Frontier Communications (NASDAQ: FTR) have taken quite the beating recently.The company's stock has steadily moved in the wrong direction since it became clear that its purchase of Verizon's (NYSE: VZ) wireline business in California, Texas, and Florida (CTF) would not unlock a smooth path to growth. That $10.54 billion acquisition more than doubled the size of the company, adding approximately 3.3 million voice connections, 2.1 million broadband customers, and 1.2 million FiOS video subscribers.That was supposed to give Frontier the scale it needed to operate efficiently -- and in fact, that aspect of the Verizon purchase worked out.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News