Frontier Communications

Frontier Communications

The largest pure-play fiber provider in the United States.

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DateInvestorsAmountRound
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$20.0b

Valuation: $20.0b

3.4x EV/Revenue

9.1x EV/EBITDA

Acquisition
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD2021202220232024202520262027
Revenues0000000000000000000000000000
% growth(10 %)(10 %)(2 %)3 %5 %3 %4 %
EBITDA0000000000000000000000000000
% EBITDA margin-32 %40 %38 %39 %41 %42 %
Profit0000000000000000000000000000
% profit margin-8 %1 %(5 %)(5 %)(3 %)(2 %)
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article, Equity research estimates

Notes (0)
More about Frontier Communications
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Frontier Communications began its journey in 1935 as Citizens Utilities Company, founded by Wilbur B. Foshay. Initially, the company focused on providing utility services, including electricity, gas, and water, to rural and suburban areas. Over the years, it shifted its focus to telecommunications, recognizing the growing demand for connectivity.

In the 1990s, under the leadership of CEO Leonard Tow, Frontier Communications expanded its telecommunications services through strategic acquisitions. This included the purchase of several rural telephone companies, which helped the company establish a strong presence in underserved markets. The company's strategy was to provide reliable and affordable communication services to areas often overlooked by larger providers.

A significant milestone in Frontier's history was its acquisition of Verizon's wireline operations in California, Texas, and Florida in 2016. This $10.5 billion deal marked a major expansion for Frontier, significantly increasing its customer base and network infrastructure. However, the integration of these operations presented challenges, including service disruptions and customer dissatisfaction, which the company worked to address.

Despite these hurdles, Frontier Communications continued to focus on improving its services and expanding its broadband offerings. The company filed for Chapter 11 bankruptcy in 2020 to restructure its debt and emerged in 2021 with a renewed focus on enhancing its fiber-optic network.

Today, Frontier Communications is committed to bridging the digital divide by providing high-speed internet access to rural and suburban communities. The company's journey reflects its resilience and adaptability in the ever-evolving telecommunications industry.

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Investments by Frontier Communications

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Southern New England Telephone Company
ACQUISITION by Frontier Communications Oct 2014