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Frontier Communications Corporation

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Frontier Communications reported a narrower-than-expected loss in third-quarter 2018. The company aims to rake in more profits through customer retention, market share gain, new product introductions, broadband expansion and improved sales and marketing initiatives. Frontier Communications is expanding its Fiber-based broadband footprint to cater to the needs of growing customers. The company has been enhancing its product portfolio with a new cloud based Unified Communications as a Service offering, which complements its Ethernet and SD-WAN offerings. As part of its transformation initiatives, the company is also targeting a $500 million run rate EBITDA benefit by year-end 2020. However, in the past six months, the company has underperformed the industry on average. Moreover, persistent decline in access lines, loss of legacy fixed telephony business to wireless and declining subscriber statistics continue to hurt its growth prospects.

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