Frontier Communications Parent, INC
Market Movers (8-K)
Frontier Communications Parent, Inc. has completed its merger with Verizon Communications Inc., becoming a wholly-owned subsidiary and delisting from Nasdaq.
Frontier Communications Parent, Inc. announced securing an additional $150 million from Verizon, a new $750 million incremental term loan, and accelerated executive compensation ahead of its merger with Verizon.
Capital raise
Frontier Communications reported its best quarter ever, driven by accelerated fiber broadband revenue growth, record fiber net additions, and double-digit Adjusted EBITDA growth.
Better than expected
8-K: Frontier Communications Reports Record Fiber Growth and Strong EBITDA Ahead of Verizon Acquisition
Frontier Communications Parent, Inc. announced record fiber broadband customer additions and significant Adjusted EBITDA growth in Q2 2025, while confirming its pending acquisition by Verizon is on track for early 2026.
Better than expected
Frontier Communications Parent, Inc. announced that its stockholders re-elected all ten director nominees, ratified KPMG LLP as its independent auditor, and approved named executive compensation at its 2025 Annual Meeting.
Frontier Communications' fiber-first strategy fuels record first-quarter revenue and Adjusted EBITDA growth, with significant expansion in fiber broadband customers and network passings.
Better than expected
Quarterly Earnings (10-Q)
Frontier Communications Parent, Inc. reported mixed Q3 2025 financial results with strong fiber growth and continued progress towards its acquisition by Verizon.
Capital raise
10-Q: Frontier Communications Reports Q2 2025 Results Amidst Verizon Merger Progress and Fiber Expansion
Frontier Communications reported increased revenue driven by fiber expansion and customer growth in Q2 2025, while net loss remained flat and operating income declined, as the company progresses towards its acquisition by Verizon.
Worse than expected
Capital raise
Frontier Communications reports a mixed Q1 2025 with revenue growth offset by increased depreciation and ongoing merger plans with Verizon.
Worse than expected
Frontier Communications reported a net loss for Q3 2024, despite growth in fiber broadband subscribers and revenue, while also announcing a merger agreement with Verizon.
Worse than expected
Frontier Communications reported a net loss of $122 million for the first half of 2024, despite a 19% increase in fiber broadband consumer customers year-over-year.
Worse than expected
Delay expected
Capital raise
Frontier Communications reports a slight increase in revenue driven by fiber growth, while managing declines in legacy services and a recent cyber incident.
Worse than expected
Annual Reports (10-K)
10-K: Frontier Communications Parent, Inc. Reports Annual Results; Merger with Verizon Expected by Q1 2026
Frontier Communications reports $5.9 billion in revenue for 2024, driven by fiber growth, and anticipates a merger with Verizon by the first quarter of 2026.
10-K: Frontier Communications Parent, Inc. Reports Full Year 2023 Results, Achieves Cost Savings Target
Frontier Communications reports a mixed year with significant fiber expansion and customer growth offset by declines in legacy copper services, while achieving substantial cost savings.
Insider Trading (Form 4)
Frontier Communications' Chief Accounting Officer, William McGloin, reported changes in his beneficial ownership of company stock and restricted units following the merger with Verizon Communications Inc.
Frontier Communications CFO Scott C. Beasley disposed of all his common stock, restricted stock units, and performance stock units following the company's merger with Verizon Communications Inc. at $38.50 per share.
Frontier Communications' Chief People Officer, Alan Gardner, reported the conversion of his equity holdings into cash and Verizon RSUs following the company's merger with Verizon Communications Inc.
A director of Frontier Communications Parent, Inc. disposed of all common stock and restricted stock units following the company's acquisition by Verizon Communications Inc. for $38.50 per share.
Frontier Communications EVP & Chief Network Officer Veronica Bloodworth reports significant changes in her equity holdings following the company's merger with Verizon Communications.
Frontier Communications Parent, Inc. completed its merger with a wholly-owned subsidiary of Verizon Communications Inc., converting all outstanding shares and equity awards into cash.
Proxy Statements (Def-14A)
Frontier Communications Parent, Inc. files a proxy statement with the Securities and Exchange Commission.
Frontier Communications will hold its 2025 Annual Meeting virtually on May 21, 2025, to elect directors, ratify the appointment of KPMG LLP, and approve executive compensation, following a year of strategic progress and a pending merger with Verizon.
Better than expected
DEFA14A: Frontier Communications Reaffirms Verizon Deal Amidst ISS and Glass Lewis Abstention Recommendations
Frontier Communications urges stockholders to vote in favor of the proposed all-cash transaction with Verizon, despite recommendations from ISS and Glass Lewis to abstain.
Frontier Communications provides supplemental disclosures to its proxy statement in response to stockholder litigation and demand letters related to the proposed merger with Verizon, while reaffirming its recommendation for stockholders to approve the deal.
Frontier Communications announced its third-quarter 2024 results, highlighting growth in fiber passings and revenue, alongside a pending acquisition by Verizon.
Frontier Communications is urging its stockholders to vote in favor of the proposed acquisition by Verizon Communications at the upcoming special meeting on November 13, 2024, highlighting the significant premium offered.
Schedule 13D - Activist Investments
Ares Management LLC and its affiliated entities have filed an Amendment No. 5 to Schedule 13D, disclosing a reduction in their beneficial ownership of Frontier Communications Parent, Inc. common stock to 4.9% as of March 19, 2025, following recent share dispositions.
SCHEDULE 13D/A: Ares Management Reduces Stake in Frontier Communications, Disposing of Nearly 5 Million Shares
Ares Management LLC and its affiliated funds have significantly reduced their beneficial ownership in Frontier Communications Parent, Inc., selling 4.947 million shares between March 13 and March 17, 2025.
Worse than expected
Ares Management LLC and its affiliated entities have filed an Amendment No. 3 to their Schedule 13D, reporting a reduction in their beneficial ownership of Frontier Communications Parent, Inc. common stock to 8.3% following recent dispositions.
Worse than expected
Schedule 13G - Passive Investments
Glendon Capital Management and affiliates close out their Schedule 13G reporting for Frontier Communications Parent, Inc. following its acquisition by Verizon Communications Inc.
SCHEDULE 13G/A: Cerberus Capital Management Reports Full Divestment of Frontier Communications Parent, Inc. Stake
Cerberus Capital Management, L.P. has reported a 0% beneficial ownership in Frontier Communications Parent, Inc. as of March 31, 2025, indicating a complete divestment of its previously held stake.
SCHEDULE 13G/A: Canada Pension Plan Investment Board Discloses Passive 0.0% Stake in Frontier Communications
The Canada Pension Plan Investment Board (CPPIB) has filed an amended Schedule 13G, confirming a passive beneficial ownership of 78,100 shares, representing 0.0% of Frontier Communications Parent, Inc.'s common stock as of December 31, 2024.