Frontier Communications Inc. (FTR - Free Report) is leaving no stones unturned to drive its business. The telecom operator, who primarily provides services to rural areas and small and medium-sized towns and cities in the U.S., recently announced the rollout of ‘Vantage TV’ IPTV and broadband services in North Carolina. By foraying into the region, Frontier Communications will challenge major incumbents like AT&T Inc. (T - Free Report) and Charter Communications Inc. (CHTR - Free Report) .
Frontier Communications launched its Vantage premium services earlier this year to deliver HD TV, ultra-fast broadband and enhanced Voice over Internet Protocol (VoIP) services. Frontier Communications’ Vantage TV service rollout in North Carolina is likely to leverage from its recent acquisition of Verizon Communications Inc.’s (VZ - Free Report) wireline assets in the state. Notably, the Vantage platform will use both copper and fiber to the network (FTTN) for the deployment of the services. The company has also upgraded its fiber plant for the purpose of supporting the service rollout.
Although Frontier Communications is aiming high in North Carolina, competition from larger rivals is a matter of concern. AT&T, who has a large presence in the area, is set to launch “DirecTV Now’ services in early 2017. Meanwhile, Charter Communications, who recently acquired Time Warner Cable, will alo look to gain a strong foothold in the state. Moreover, Alphabet Inc, who presently provides 1Gbps service in Morrisville, is seeking to expand in other parts of North Carolina. However, through attractive pricing, Frontier Communications can gain substantial customers in North Carolina.
Frontier Communications has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>