4 Things Frontier Communications' CEO Wants Shareholders To Know
Frontier Communication (NASDAQ: FTR) finished another quarter where it saw its subscriber count fall. That has become normal operating procedure for the company since it spent $10.54 billion buying Verizon's (NYSE: VZ) wireline business in California, Texas, and Florida.
In Q2, Frontier saw its total customer base drop from 5.2 million the previous quarter to 5.08 million. Again, the company not only lost 70,000 pay-television customers, it also dropped 100,000 broadband subscribers. The broadband losses are particularly bad because most pay-TV providers have seen losses in video, but have added internet customers.
Frontier has been steadily getting smaller, but CEO Dan McCarthy has become very good at seeing the positive. He was no different in his remarks in the Q2 earnings release (courtesy of S&P Global Market Intelligence).
Source: Fool.com
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