FYBR Stock Recent News

DALLAS--(BUSINESS WIRE)--Frontier (NASDAQ: FYBR): What happened? Frontier received seven ConneCTed Communities grants from the Connecticut Department of Energy and Environmental Protection to expand access to high-speed, reliable fiber internet across Connecticut. The funding comes from Connecticut's portion of American Rescue Plan Act (ARPA) Capital Project Fund. Why it matters: In the past three years, we have delivered fiber internet access to over 1 million homes and businesses in Connectic.

I previously rated Verizon stock a hold due to risks from value segment cannibalization, limited cost-cutting potential, and balanced upside/downside risks. Verizon has a track record of overpaying and underdelivering on M&A deals, and I fear Frontier will be more of the same. Upside potential from Verizon's premium positioning is offset by risks from the M&A and management distraction, leading to a balanced risk-reward profile.

When Verizon Communications Inc. VZ announced plans to acquire Frontier Communications Parent, Inc. FYBR in September for $20 billion, some investors were likely eyeing potential gains from the company's dividends.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Frontier Communications Parent, Inc. (NASDAQ: FYBR) to Verizon Communications Inc. for $38.50 per share in cash is fair to Frontier shareholders. Halper Sadeh encourages Frontier shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation.

Verizon Communications raised its dividend by 2% to $0.6775 per share, enhancing its appeal to passive income investors with a 6.2% yield. The acquisition of Frontier Communications is expected to accelerate Verizon's Broadband growth, adding 2.2 million subscribers and enhancing competition against AT&T. Verizon's low free cash flow-based payout ratio of 48% underscores its robust investment proposition, ensuring dividend growth potential for passive income investors.

NEW YORK , Sept. 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.

Verizon's acquisition of Frontier Communications for $20 billion aims to expand its fiber footprint and drive future premium mobility and broadband services. The deal, expected to close by early 2026, promises $500 million in annual cost synergies but there are serious concerns about overpayment and debt impacts. Verizon's Q2 performance showed strong wireless growth and improved cash flow, but the acquisition's long-term effects on dividends and expenses remain uncertain.

Verizon recently announced a $20B acquisition of Frontier Communications. Despite potential synergies, I believe the market's prevailing bullish rating overestimated the upside impacts of the deal. Furthermore, the acquisition price represents a 44% premium.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Frontier Communications Parent, Inc. (NasdaqGS: FYBR) to Verizon Communications Inc. (NYSE: VZ). Under the terms of the proposed transaction, shareholders of Frontier will receive $38.50 in cash for each share of Frontier that they own. KSF is seeking to determine whether this consideration and the process tha.

Michael Hodel says the merger will not just expand network potential, but gives Verizon (VZ) a chance to show A.I.'s uses in telecom companies.