On Tuesday, Shares of Frontier Communications Corporation (NASDAQ:FTR), gained 0.93% to $5.44.
Frontier Communications Corporation, applauded today’s decision by the Federal Communications Commission (FCC) approving its projected acquisition of Verizon’s wireline, broadband and video operations, counting the FiOS® network, in California, Florida and Texas. The company is presently also seeking approval from the California Public Utilities Commission and the Public Utilities Commission of Texas, and has received Hart-Scott-Rodino federal antitrust clearance. Pending commission approval in Texas and California, the company anticipates to close the transaction at the end of the first quarter of 2016.
Daniel J. McCarthy, Frontier’s President and Chief Executive Officer said, “We are happy the FCC moved swiftly and smartly to approve this acquisition, releasing an Order in advance of the FCC’s internal deadline for review of such transactions. The FCC views this transaction as being in the public interest and benefiting customers in the three attained states. We agree, and believe it will further benefit those across the rest of the Frontier footprint as well. By doubling our size, we will add scale and scope to our operations, strengthen our product and service offerings, and improve the customer experience. We look forward to demonstrating our commitment to broadband investment and deployment in California, Florida and Texas. Soon, consumers and businesses in these states will benefit from our extensive experience, our high-touch local engagement administration model, the focused use of the fiber-rich network, and our active involvement in the communities we serve.” McCarthy added, “Our aim is to deliver the life-changing benefits of broadband to an additional 750,000 households at speeds of 25Mbps/2-3Mbps across the entire Frontier multi-state footprint, counting California, Florida and Texas, by the end of 2020.”
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.
Shares of Southern Company (NYSE:SO), inclined 1.72% to $42.70, during its last trading session.
Georgia Power declared that the company has been named to Site Selection magazine’s Top Utilities in North America for Economic Development list. The company has been named to the list consistently for nearly two decades and more times than any other utility. The list, released annually by the publication, recognizes utilities’ efforts in economic development and comprises analysis of corporate end-user project activity and presented materials from utilities; website tools and data; innovative programs and incentives for business, counting energy efficiency and renewable energy programs; and the utility’s own job-creating infrastructure and facility investment trends.
Georgia Power’s Community & Economic Development organization was named to the list this year in recognition of 2014 efforts, which comprised more than 80 project wins, 16,575 Georgia jobs and capital investment in the state of $2.1 billion. Site Selection also noted positive updates to the structure of the organization, a new focus on downtown revitalization across the state, a new process to keep the company’s online site database up to date, a new program to assist communities identify business-ready sites and a new, internal Leads Council to better identify economic development opportunities.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
Finally, Carnival Corporation (NYSE:CCL), ended its last trade with 3.58% gain, and closed at $50.68.
On July 16, 2015, Carnival Corporation declared a quarterly cash dividend of $0.30 (U.S.) per share. The dividend is payable on September 11, 2015, to shareholders of record on August 21, 2015.
Holders of Carnival Corporation common stock or Carnival plc ADSs will receive a dividend payable in U.S. dollars. The dividend for Carnival plc ordinary shares will be payable in sterling unless shareholders elected to receive the dividend in U.S. dollars by August 21, 2015.
Dividends payable in sterling will be converted from U.S. dollars at the exchange rate quoted by the Bank of England in London at 12 noon on September 1, 2015 (US$1 = 65.13385 pence). Accordingly, the dividend payable in sterling on September 11, 2015, will be 19.54016 pence per share.
Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The company offers cruise services under the Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn brand names in North America; and AIDA Cruises, Costa Cruises, Cunard, and P&O Cruises names in Europe, Australia, and Asia.
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