Company Overview - Frontier Communications Parent, Inc. operates as a leading telecommunications provider in the U.S., offering data, Internet, voice, video, and related services to both consumer and business segments [6] - The company reported a total revenue of $6 billion and a net income of -$381 million for the trailing twelve months (TTM) [5] - As of the latest market close, Frontier's market capitalization stood at $9.5 billion, with shares priced at $37.92, reflecting a 9% increase over the past year, although it underperformed compared to the S&P 500's 14% gain [4][5] Recent Developments - Anchorage Capital Advisors fully exited its position in Frontier Communications by selling 93,562 shares during the third quarter, resulting in an estimated $3.4 million reduction based on quarterly average pricing [2][3][9] - The exit from Frontier's stock, which previously accounted for 0.5% of Anchorage's assets under management (AUM), may indicate a strategic shift amid ongoing uncertainties related to regulatory approval and capital intensity surrounding Frontier's pending acquisition by Verizon [7][9] Operational Performance - Frontier is experiencing significant operational momentum, highlighted by a 25% year-over-year growth in consumer fiber broadband revenue and 133,000 quarterly fiber net additions [9] - CEO Nick Jeffery emphasized the company's commitment to maintaining operational momentum as it prepares to join forces with Verizon to enhance access to high-speed fiber internet for more Americans [9][10] Investment Considerations - The future value creation for Frontier is closely tied to the successful execution of the Verizon acquisition, the fiber buildout, and the sustainability of cash flow amidst elevated capital expenditures [10]