NEW YORK, July 23, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on Frontier Communications Corporation (NASDAQ : FTR ). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=FTR
Highlights from our FTR Report include:
- Completion of Sales Contracts -- On July 7 2015, Frontier Communications (Frontier) announced that it has recently completed four separate sales for next-generation capable 9-1-1 communications systems, with six New York counties. The Company informed that these sales are in addition to Frontier's 9-1-1 state-of-the-art system sale to Monroe County and the City of Rochester, New York during H2 2014. Frontier Communications noted that the Airbus DS VESTA 4 system- the featured equipment in these sales, is a state-of-the-art IP-based integrated communications system that provides full redundancy and allows call takers to set up in a mobile environment in the event of evacuation.
- Contract Details - Frontier Communications informed that in the recently held sales, Yates and Seneca counties, jointly purchased the Airbus Vesta platform which was deployed in a geo-diverse fashion, one-half of the system resides respectively in each county. Meanwhile, the County of Chemung and the City of Elmira contracted with Frontier for the standalone geo-diverse capable Airbus Vesta 4 system upgrade and equipment maintenance. On the other hand, counties in Upstate New York contracted with Frontier to share a geo-diverse Airbus Vesta 4 system to provide for full redundancy; and lastly the Rockland County's purchased six upgraded geo-diverse capable Airbus Vesta 9-1-1 systems which were deployed to the towns of Ramapo, Orangetown, Haverstraw, Spring Valley, Suffern and Stony Point.
- Other Corporate Updates - In another release issued on July 7, 2015, Frontier announced the appointment of Kathleen Weslock as Executive Vice President and Chief People Officer, effective July 13, 2015. The Company noted that Ms. Weslock new role includes overseeing all aspects of human resources, including both strategic direction and daily operations. Frontier added that with responsibilities for labor relations, transformation and growth she will serve a major role in the integration of 11,000 employees who will join Frontier following completion of the its pending transaction to acquire Verizon wireline assets in California, Florida and Texas.
To find out how this influences our rating on Frontier Communications Corporation read the full report in its entirety here: http://www.aciassociation.com/?c=FTR
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