What’s New in Frontier Communications’ Broadband Strategy?

In the third quarter, Frontier Communications (FTR) lost a net 61,000 broadband subscribers as compared with a net loss of 63,000 in the same period a year earlier and a net loss of 32,000 in the prior quarter. The company’s broadband subscribers fell ~5% YoY to reach 3.8 million at the end of September 30. This reduction is mainly driven by the migration of Frontier’s broadband subscribers to the top US cable operators such as Comcast (CMCSA) and Charter Communications (CHTR).