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Stock Market & Financial Investment News

News Breaks
December 17, 2013
07:05 EDTFTR, TFrontier says AT&T deal to be accretive to FCF per share in the first year
The transaction is estimated to be accretive to Frontierís adjusted free cash flow per share in the first year. The transaction is estimated to improve Frontierís dividend payout ratio by more than 5 percentage points in the first year. The all-cash transaction means Frontier shareholders will receive the benefit of increased diversification of assets and operations without any dilution in ownership. Frontier will have greater scale to leverage its network, information technology, engineering, administrative services and procurement capabilities to realize cost synergies and savings of $200 million annually once integration is complete. Frontier will implement its proven local engagement community-oriented go-to-market strategy in Connecticut led by local General Managers and a State Leader. Connecticut customers will have the same products and services that they currently enjoy, including the U-verse suite of products. Frontier expects the transaction to close in the second half of 2014. Following the close of this transaction, Frontier will operate in 28 states. Connecticutís urban, suburban and rural markets will complement Frontierís diverse mix of markets. Frontier will welcome approximately 2,700 employees to the company; the majority are represented by the Communications Workers of America. Frontier already has more than 200 employees at its headquarters based in Stamford, Connecticut. A full conversion of AT&Tís Connecticut operations onto Frontierís existing systems and networks is planned at the time of close. Frontier has successfully completed numerous complex system and network migrations. Our most recent conversion covered operations across 14 states and was completed approximately one year ahead of schedule. Frontier will acquire approximately 415,000 data, 900,000 voice, and 180,000 video residential connections of AT&T in Connecticut, as well as AT&Tís local business connections and existing carrier wholesale relationships.
News For FTR;T From The Last 14 Days
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April 17, 2014
07:46 EDTTAT&T to possibly sit out of U.S. spectrum auction, Reuters says
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April 16, 2014
11:08 EDTTAT&T, Volvo partner for in-car wireless connectivity
AT&T and Volvo Cars have entered into a new multi-year agreement to enable future Volvo vehicles in the U.S. and Canada with high speed wireless connectivity. AT&T is scheduled to power Volvo's US 2015 model year connected car solution with Sensus Connect, an embedded infotainment service. Volvo customers in the U.S. and Canada will also have access to Volvo On Call, a service allowing remote access to car functions and an emergency crash notification service. Volvo plans to enable cars with AT&T on-board for sale this summer. As a telematics leader, AT&T already provides a variety of vehicle solutions to automobile manufacturers around the world. Volvo's solution incorporates AT&T's Single SIM platform to provide coverage in the U.S. and Canada. The Single SIM, along with a world-class service management platform, AT&T Control Center powered by Jasper Wireless, arms Volvo with the ability to manage wireless device deployment and operations across markets with advanced diagnostic tools and smart alerting.
April 14, 2014
09:10 EDTTT-Mobile CEO starts petition for consumers to call on peers to end overages
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09:05 EDTTT-Mobile abolishes consumer overages, challenges other providers to follow suit
T-Mobile (TMUS) announced a campaign to eliminate overage penalties, one of the most reviled wireless industry practices. While abolishing overages for all customers on T-Mobile consumer plans, its CEO has also laid down a challenge to the nation's largest carriers, AT&T (T), Verizon (VZ) and Sprint (S), to do the same.
April 11, 2014
07:26 EDTTTime Warner struggling to force Dodgers network on pay-TV players, LAT say
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April 10, 2014
06:29 EDTTAT&T in talks to bring ultrafast internet to North Carolina, WSJ reports
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April 9, 2014
15:17 EDTFTRFrontier Communications ratifies contract with New York workers
Employees of Frontier Communications in Monroe, New York, represented by the International Brotherhood of Electrical Workers Local 503, recently ratified a customer service-focused labor agreement with the company. The employees ratified the agreement on March 27.
11:15 EDTTT-Mobile unveils $40 monthly price plan called 'Simple Starter'
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April 8, 2014
07:52 EDTTComcast, Time Warner execs go before critic at hearing, Reuters says
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07:14 EDTTAT&T wants to force customers in Alabama town to switch to wireless, WSJ reports
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April 7, 2014
13:51 EDTTAT&T's U-verse experiencing widespread outage, Mashable reports
AT&T's U-verse service is currently experiencing a massive, nationwide outage, Mashable reports. A spokesperson for the company explains, "Due to a power-related issue triggered by a third-party at our video hub, U-verse customers may be experiencing a loss of national channels. Technicians are working to resolve the issue and we expect to have service fully restored by early afternoon. We apologize for this inconvenience." Reference Link
08:01 EDTFTRFrontier Communications says three year investment in NY tops $326M
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