Frontier Bonds Signal Internet Sales Rebound

Frontier Communications is convincing bond investors that high-speed Internet sales will help bolster revenue that’s dropped for seven straight quarters.

The phone, Internet and television provider’s $7 billion of bonds have returned 2.47 percent, more than any junk-rated peer, since July 31. That’s when Frontier said second-quarter sales fell less than analysts estimated as its cash-flow margin reached the highest level since the 2010 purchase of $8.2 billion of assets from Verizon.

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