Frontier Puts Capex, Dividend Before Debt Reduction

Frontier Communications is forgoing debt reduction to invest in infrastructure and maintain its dividend to shareholders, according to CFO John Jureller. Frontier has enough cash flow to repay at maturity a $200 million 8.25 percent bond due May 2014, as well as $105.1 million outstanding on 6.625 percent notes due March 2015 and $96.9 million of 7.875 percent bonds due April 2015, Jureller said in an August 8 telephone interview.

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