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Frontier Communications Board Sets Reverse Stock Split Ratio and Effective Date

Frontier Communications Corporation (NASDAQ:FTR) announced today that, following stockholder approval of the reverse stock split proposal at Frontier’s May 10, 2017 Annual Meeting, Frontier’s Board of Directors has determined to effect the reverse stock split of the issued shares of common stock at a ratio of one share for fifteen shares. The reverse stock split will be effective as of the beginning of trading on Monday, July 10, 2017. In addition, and at the same time, the total number of shares of common stock that Frontier is authorized to issue will change from 1,750,000,000 shares to 175,000,000 shares. Click here for more.


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