Frontier Communications Corp. (fka FTRCQ)

[fung_derf]

They have subscribers, they have revenue

• Total second quarter revenue of $2.07 billion


• Net loss of $5.32 billion, includes a goodwill impairment of $5.45 billion


• Second quarter Adjusted EBITDA1 of $882 million


• Net broadband unit losses of 71,000


• Realized a $160 million annualized transformation program EBITDA benefit in second quarter; expecting a $200 million annualized exit-rate transformation EBITDA benefit at year-end 2019


• Reducing 2019 Adjusted EBITDA guidance range to $3.35 billion to $3.42 billion; reducing 2020 transformation benefit target


• Company maintains liquidity of $786 million as of June 30, 2019