FTR

[m22au]

FTR reached a new 52-week low today of $1.14.

FTR will split 1:15 on 10 July.
https://www.sec.gov/Archives/edgar/data/20520/000119312517167986/d395072dex99.htm

Total shares outstanding is currently 1,178,069,000. This will reduce to about 78,537,933.

Including the mandatory convertible preferred, total pro-forma shares outstanding is currently 1,563,069,000. This will reduce to 104,204,600.

.

 

[m22au]

"This Telecom Bet Big on Landlines...and Lost"
http://www.foxbusiness.com/features/2017/07/08/this-telecom-bet-big-on-landlines-and-lost.html
https://www.wsj.com/articles/this-telecom-bet-big-on-landlines-and-lost-1499511601

"Departing customers remain one of the company's most daunting challenges. "Frontier must reverse its subscriber trends to demonstrate sustainability to the bond market or it will face growing refinance risk" as it approaches $2.4 billion in debt payments due in 2020, Moody's wrote in a May 24 research report."

"Frontier's Losing Customers And Swimming in Debt"
http://www.dslreports.com/shownews/Frontiers-Losing-Customers-And-Swimming-in-Debt-139912

.

 

[m22au]

Moody's report:

May 22, 2017
"Moody's downgrades Frontier to B2, outlook remains negative"
https://www.moodys.com/research/Moodys-downgrades-Frontier-to-B2-outlook-remains-negative--PR_367047

http://247wallst.com/telecom-wirele...-also-has-downgraded-frontier-communications/

.

 

[m22au]

"Frontier Communications Corporation Declares Fourth-Quarter Dividends"
http://investor.frontier.com/releasedetail.cfm?ReleaseID=1046268

$2.78125 for the preferred
$0.60 for the common

record date December 15

.

 

[m22au]

10-Q dated 2 November 2017

https://www.sec.gov/Archives/edgar/data/20520/000002052017000022/ftr-20170930x10q.htm

The number of shares outstanding of the registrant’s Common Stock as of October 27, 2017 was 78,458,000

On June 29, 2018, there will be another 20 * 19.25 million / 15 = 25.66 million FTR shares.

Total pro-forma common shares outstanding = 78.458 + 25.667 = 104.125 million shares

.