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News Breaks
April 25, 2014
09:52 EDTFTRFrontier Communications, CWA agree to extend contract to May 31
Frontier Communications and the local West Virginia Communications Workers of America, or CWA, have extended their existing contract until Saturday, May 31. The parties have negotiated since mid-June 2013. The contract expired in August 2013, and Frontier and the CWA have worked on numerous and complex issues during a series of contract extensions. East Region Area President Ken Arndt said, We continue to make progress during our discussions with the CWA, and were hopeful we can build on the common ground that we have established to come to a resolution soon. Frontier continues to bargain in good faith as we strive to reach a balanced contract that treats employees fairly, allows the company to provide the highest levels of customer service and gives us the ability to succeed in the highly competitive communications industry we continue to face."
News For FTR From The Last 14 Days
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July 29, 2014
17:06 EDTFTROn The Fly: Closing Wrap
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12:23 EDTFTRWindstream REIT spin off plan provides jolt for stock, telecom sector
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12:13 EDTFTROn The Fly: Midday Wrap
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11:37 EDTFTRHigh option volume stocks
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09:22 EDTFTRWindstream worth at least $15/share after spinoff news, says Oppenheimer
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09:17 EDTFTROn The Fly: Pre-market Movers
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09:00 EDTFTRAT&T, Verizon rally after Windstream announces plans for REIT
Shares of AT&T (T) and Verizon (VZ) are trading higher in the pre-market following news that Windstream (WIN) plans to spin off its telecom assets into a publicly traded REIT. Windstream provides network communications to businesses nationwide. It said the tax-free spinoff will enable it to realize "significant financial flexibility by lowering debt by approximately $3.2 billion and increasing free cash flow to accelerate broadband investments, transition faster to an IP network and pursue additional growth opportunities to better serve customers." The news is also pushing shares of CenturyLink (CTL) and Frontier Communications (FTR) higher. Windstream is rallying 28% in pre-open trading, while AT&T is up 4% and Verizon is up 3%.
08:48 EDTFTRFrontier, CenturyLink rally after Windstream announces spinoff
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July 25, 2014
16:11 EDTFTRFCC approves Frontier Communications acquisition of AT&T's Conneticut wire-ops
Frontier Communications (FTR) announced that the Federal Communications Commission, or FCC, has approved its proposed acquisition of AT&Ts (T) local wireline, broadband and video operations in Connecticut. The company is currently also seeking approval from the Connecticut Public Utilities Regulatory Authority, or PURA, and has already received Justice Department approval. Pending PURA approval, the company expects to close the Connecticut acquisition transaction in Q4.

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