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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Frontier Communications Corporation | NASDAQ:FTR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.26 | 0.26 | 0.265 | 0 | 01:00:00 |
Network Enhancements and Additional Funding from Connect America Fund Supercharges Frontier’s Network
Frontier Communications (NASDAQ:FTR) recently announced that the company’s three years of capital expenditures in New York hit a total of $326.1 million, including approximately $80 million in 2013.
In addition to Frontier’s own capital expenditures, many Frontier markets in New York will benefit from additional support totaling $8.1 million from the Federal Communications Commission’s Connect America Fund (CAF). CAF funding will allow Frontier to accelerate broadband availability and increase speeds in some of its very rural New York markets. Frontier offers broadband, digital phone service, satellite television service, Frontier satellite broadband, FTR Energy Services, customer premises equipment (telephone systems, support for commercial businesses and e-911 applications), Ethernet, Dedicated Internet Access, commercial cloud based voice solutions, data center services, and web security/data back-up/personal identity protection and more through Frontier Secure.
Frontier invested $326.1 million of its own capital during the past three years, with significant funding supporting engineering initiatives to increase broadband access and improve network infrastructure across the company’s 38-county New York territory. This investment is vital to continuing economic development, increasing opportunities for consumers, and supporting all types and sizes of businesses in the state.
“The impact of our investments in New York is felt throughout the communities we serve,” said Kevin Smith, Senior Vice President and General Manager of Frontier’s New York operations. “Our powerful network, driven by our dedicated teams who are residents and experts about the needs of their communities, is delivering solid benefits to our customers and shareholders. Our team is hitting their stride in New York, and there is more to come.”
Frontier’s operational and community-related highlights for New York in 2013 include:
Phil Yawman, Vice President and General Manager of Frontier’s greater Rochester operations, noted that the significant expansion of Frontier’s network in Rochester was in response to increased demand for advanced services. “We are continuing an aggressive schedule of state-of-the-art enhancements to our network to ensure our residential and commercial customers benefit from the latest technology and services.”
In Rochester, Frontier also invested significant funding for IT software upgrades and engineering projects that benefit the entire company and 27-state customer base. “Frontier has a significant presence in the Rochester market, home to many of our corporate functions,” stated Yawman. “For example, Frontier’s Internet Help Desk, Payroll, Training, Operator Services, Network Operations Center and Engineering are headquartered in Rochester and serve employees and customers throughout New York and also throughout Frontier’s coast-to-coast territories. Rochester is a critical center within Frontier’s operations.”
All Frontier services are installed and maintained by the company's 100% U.S.-based work force. More than 1,400 Frontier employees serve customers in the greater Rochester area, and 2,320 employees serve throughout New York. “We’re proud of our commitment to the Empire State and very excited to highlight our recent network enhancements and capital investments,” said Smith.
About Frontier Communications
Frontier Communications Corporation (NASDAQ: FTR) offers broadband, voice, satellite video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for residential customers, small businesses and home offices and advanced communications for medium and large businesses in 27 states. Frontier's approximately 13,650 employees are based entirely in the United States. More information is available at www.frontier.com.
Frontier CommunicationsPatricia Amendola, Communications Manager570-631-6013 (office)570-885-9559 (cell)Patricia.Amendola@ftr.com
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