Frontier announced 4Q 2012 revenue of $1.2 billion, operating income...
Frontier announced 4Q 2012 revenue of $1.2 billion, operating income of $235.7 million and, and net income attributable to common shareholders of $24.9 million. “Our fourth quarter revenue was slightly lower than anticipated,” said CEO Maggie Wilderotter in a statement…
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(http://bit.ly/XQW7c3). She said that was due to a decline in voice revenue as customers chose unlimited residential voice packages and standalone broadband options. But the telco is improving its customer retention and average revenue per business customer, and is seeing improved cash operating expenses when one time expenses for storm costs and gift card promotion costs are factored out, she said. UBS reiterated its “buy” rating, forecasting a “comfortable” 46 percent of free cash flow in 2013.