Deutsche Bank Downgrades Frontier Communications (FTR) to Hold

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Frontier Communications Reports 2016 Third Quarter Results

November 1, 2016 4:06 PM EDT

Adjusted EBITDA1 of $1 billion and Net Loss of $80 million in the third quarter Announcing new organizational structure to enhance focus on Commercial and Consumer business units Annualized Cost Synergy target of $1.4 billion, with $1.25 billion to be realized by mid-2017 2016 guidance ranges refined; outlook for 2017 Adjusted EBITDA reaffirmed

NORWALK, Conn.--(BUSINESS WIRE)-- Frontier Communications Corporation (NASDAQ: FTR) today reported its third quarter financial results and provided an update on its progress with the acquisition of... More