Communication services provider $FTR has completed the 1-for-15 reverse split of the issued shares of its common stock. Each 15 shares of Frontier common stock were automatically converted into one share of common stock, without any change in the value. The stock will continue to trade on the Nasdaq Global Select Market under the symbol ‘FTR.’

Communications firm $FTR will implement its 1-for-15 reverse stock split of common shares as of the beginning of trading on July 10, 2017. After the stock split, Frontier shares will continue to trade on the Nasdaq Global Select Market under the symbol ‘FTR’.

$FTR appointed John Maduri to the position of EVP, Consumer Sales, Marketing & Product. Maduri will join the company on July 24 and succeed Cecilia McKenney, who is leaving $FTR to pursue other opportunities.

$FTR made enhanced broadband service available to an additional 6,900 households in rural communities in North Carolina, South Carolina and Tennessee. $FTR is leveraging the FCC's Connect America Fund (CAF) program to bring broadband to about 3,400 households in CAF-eligible census blocks.

$FTR's BoD has determined to effect the reverse stock split of the issued common shares at a ratio of 1 share for 15 shares. The reverse stock split will be effective on July 10, 2017. In addition, and at the same time, the total number of shares of common stock that $FTR is authorized to issue will change from 1.75Bil shares to 175MM shares.

$FTR appointed Chris Levendos, former head of the Network Deployment and Operations organization at Google Fiber, as EVP, Field Operations. Levendos' predecessor John Lass, plans to retire. Levendos will report to President and CEO Dan McCarthy and serve as a member of the senior leadership team.

$TIVO said $FTR signed a multi-year product license agreement and renewal of its entertainment discovery intellectual property license agreement. This deal names $TIVO as the exclusive provider of advertising in $FTR's interactive programming guides' program listings grid and provides $FTR with license to $TIVO intellectual property portfolios.

$FTR made enhanced broadband service available to an additional 8,100 households in Wisconsin. $FTR is leveraging the FCC's Connect America Fund (CAF) program to bring broadband to about 5,000 households in CAF-eligible census blocks while expanding its overall service and reach to about 3,100 more households throughout Wisconsin.

$FTR made enhanced broadband service available to an additional 8,000 households in Minnesota. $FTR is leveraging the FCC's Connect America Fund (CAF) program to bring broadband to about 3,900 households in CAF-eligible census blocks while expanding its overall service and reach to about 4,100 more households throughout Minnesota.

$FTR made enhanced broadband service available to an additional 8,500 households in Arizona and New Mexico. $FTR is leveraging the FCC's Connect America Fund (CAF) program to bring broadband to about 4,200 households in CAF-eligible census blocks while expanding its overall service and reach to about 4,300 more households.

$FTR has made enhanced broadband service available to an additional 8,800 households in Indiana. $FTR is leveraging the FCC's Connect America Fund (CAF) program to bring broadband to about 4,500 households in CAF-eligible census blocks while expanding its overall service and reach to about 4,300 more households throughout Indiana.

$FTR made enhanced broadband service available to an additional 25,000 households in Texas. $FTR is leveraging the FCC's Connect America Fund (CAF) program to bring broadband to about 5,500 households in CAF-eligible census blocks while expanding its overall service and reach to about 20,000 more households throughout Texas.

$FTR said that 4Q16 results were impacted by its efforts to resolve acquired accounts in California, Texas and Florida (CTF). The company added that this process is almost complete, and it expects to return to a normalized trend by the start of 2Q17. CTF customer trends improved in 4Q16 and continue to improve in 1Q17, $FTR said.

For 2017, $FTR expects adjusted free cash flow to be $0.8-1.0Bil, CapEx to be $1.00-1.25Bil. The company now expects annualized cost synergies of $1.6Bil to be achieved by mid-year 2018, up from the $1.4Bil target announced earlier. The company anticipates $1.25Bil of the $1.6Bil in synergies to be achieved by the end of 1Q17.

$FTR, which acquired $VZ's wireline properties in California, Texas, and Florida in April 2016, narrowed its net loss in 4Q16, helped by higher revenues. Net loss attributable to common shareholders was $133MM or $0.12 per share, which was lower from $156MM or $0.14 per share reported a year ago. Revenue surged 70% to $2.41Bil.