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Broadband

Frontier slashes outlook after weak sales, goodwill writedown in Q2

Wednesday 7 August 2019 | 09:33 CET | News
US operator Frontier Communications reported a net loss of USD 5.32 billion for the second quarter, after a goodwill impairment charge of USD 5.45 billion to take account of the reduced revenue prospects for its business. The company also reduced its EBITDA target, as revenue growth fails to materialise and only cost cutting can boost the result. 

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Categories: Fixed
Companies: Frontier Communications
Countries: United States
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