On Friday, Frontier Communications Corp (NASDAQ:FTR)’s shares declined -3.41% to $5.16.
Frontier Communications Corp (FTR) declared that it has invested nearly $473 million in its New York operations since 2011, counting about $146.8 million in 2014.
Noteworthyfunding supported engineering initiatives to enhance broadband speeds and improve network infrastructure for residential and commercial customers throughout Frontier’s 38-county New York service area.
2014 highlights in New York comprise:
- Leveraging the company’s own capital and the Federal Communications Commission’s (FCC) Connect America Fund (CAF), Frontier upgraded 181 remote access nodes to an IP (Internet Protocol) platform, resulting in faster broadband speeds.
- Expanding the Ethernet network within the company’s rural territories, Frontier enabled 38 switching offices with premium Metro Ethernet services that provide customers access to speeds up to 1 Gbps. Customers located in Fulton, Montgomery, Hamilton, Jefferson, Lewis, Oneida, Chenango, Madison, Delaware and Clinton counties will benefit from the build-out.
- Within the Rochester market, Frontier accomplished a major next-generation IP network enhancement. The IP network is dedicated to providing premium Internet services to both residential and business customers and will provide capacity to meet our customers’ ever growing demand for broadband bandwidth.
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.
Provectus Biopharmaceuticals Inc (NYSEMKT:PVCT)’s shares dropped -3.25% to $0.800.
Provectus Biopharmaceuticals Inc (PVCT) declared that it had extended for an additional 60 days its Memorandum of Understanding with with Sinopharm-China State Institute of Pharmaceutical Industry (“Sinopharm-CSIPI”), the leader among all pharmaceutical research institutes in China, and Sinopharm A-THINK Pharmaceutical Co., Ltd. (“Sinopharm A-THINK”), the only injectable anti-tumor drug research and development, manufacture and distribution integrated platform within Sinopharm Group. The extension was the only change to the agreement, and the MOU is now in force through July 15, 2015.
The original MOU was signed in August 2014, and since then, the parties have sought to enter into a definitive licensing agreement, subject to additional negotiation, due diligence, and any required regulatory and corporate approvals. The original MOU was to be in effect for 90 days, and in November 2014 it was extended through May 16, 2015.
Provectus Biopharmaceuticals, Inc., a development-stage biopharmaceutical company, engages in developing ethical pharmaceuticals for oncology and dermatology indications. Its product line comprises PV-10, which has accomplished Phase II study for metastatic melanoma; accomplished a Phase I study for breast cancer; and is in Phase I protocol expansion for liver metastasis, in addition to initiated a Phase I feasibility study to detect immune cell infiltration into melanomas.
At the end of Friday’s trade, Precision Drilling Corp (USA) (NYSE:PDS)‘s shares dipped -3.27% to $7.11.
Precision Drilling Corp (USA) (PDS) held its annual meeting of shareholders in Calgary on May 13, 2015. A total of 231,551,481 shares (about 79.08% of the outstanding common shares) were represented in person or by proxy.
Precision is happy to declare the successful election of Steven Krablin as a member of the Company’s board of directors. Mr. Krablin was formerly President and Chief Executive Officer of Houston-based T-3 Energy Services, Inc. from March, 2009, until the sale of the company in January, 2011, and presently serves on the boards of three U.S. public companies. Mr. Krablin will be joining the audit committee and the human resources and compensation committee of the board in addition to becoming a director. “I am happy to welcome Steve to our board and could not be happier that he has agreed to assume this role. Steve brings enormous technical and planned experience having served in several leadership positions within the oil and gas industry and his insights and direction should further strengthen the Precision board,” said Kevin Neveu, President and Chief Executive Officer of the Company.
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates through two segments, Contract Drilling Services; and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
EP Energy Corp (NYSE:EPE), ended its Friday’s trading session with -3.08% loss, and closed at $12.75.
EP Energy Corp (EPE) declared the pricing of the formerly declared unregistered offering of $800 million aggregate principal amount of 6.375% Senior Notes due 2023 (the “Notes”) at an issue price of 100%. The offering is predictable to close on May 28, 2015, subject to certain closing conditions.
The Issuers intend to use the proceeds from the offering of the Notes (i) to purchase for cash any and all of the $750 million aggregate principal amount of their outstanding 6.875% Senior Secured Notes due 2019 in connection with EP Energy’s tender offer declared recently (the “Tender Offer”), (ii) to the extent the Tender Offer is not fully subscribed, to redeem any 6.875% Senior Secured Notes due 2019 that remain outstanding, (iii) to repay amounts outstanding under its senior reserve-based revolving credit facility and/or for other general corporate purposes and (iv) to pay related fees and expenses.
EP Energy Corporation, an independent exploration and production company, acquires and develops unconventional onshore oil and natural gas properties in the United States. The company primarily holds interests in various properties covering about 440,000 net acres that are located in various areas comprising Eagle Ford Shale, South Texas; Wolfcamp Shale, the Permian Basin, West Texas; the Altamont field in the Uinta Basin, northeastern Utah; and Haynesville Shale, North Louisiana. As of December 31, 2014, it had proved reserves of 622.2 million barrels of oil equivalent.
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