October 28, 2021

Frontier Communications, a U.S.-based technology company, reported earnings for the third quarter ended June 30, 2016.

Frontier’s shares rose more than $1.70, or 3.2%, to $43.20 on the Nasdaq.

The company reported $1 billion in revenue, an increase of 6.1% year over year.

The gains were fueled by strong growth in subscribers and strong subscriber growth in the U.K., which generated $1bn of revenue.

Frontier has been growing its subscriber base, and it expects to add nearly 10 million customers by the end of the year.

For the quarter, the company generated $6.4 billion in gross revenue.

“Our strong subscriber and revenue growth is driving us to invest in our network infrastructure, which will allow us to deliver faster, more reliable and better quality Internet service to our customers,” said Frontier CEO and Chairman Bill Roberts in a statement.

“We are excited about the new network upgrades and expect to see significant new revenue opportunities in the coming months.”

The company’s share price has risen more than 11% over the past year, and Roberts said he believes Frontier will make “great progress” in the next quarter.

Roberts said Frontier will be able to continue to add to its subscriber growth over the coming years.

Frontier also said it plans to expand its mobile network, which includes a high-speed fiber network, into rural areas and expand into new markets.

“As we grow our network, we will be increasing the speed of our service and will offer a better and more reliable Internet experience for our customers and the communities in which we operate,” Roberts said.

“To achieve this, we must ensure that we have the capacity to continue growing our subscriber base.

We are taking action to accelerate the rollout of the fiber network and will continue to do so.

This is critical to delivering on our commitment to provide quality service and deliver more value to our consumers.”

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