Frontier Communications Corporation (NASDAQ:FTR) has completed its 1-for-15 reverse stock split of the issued shares of common stock, the company said.
Frontier common stock will continue to trade on the Nasdaq Global Select Market under the symbol “FTR” with a new CUSIP number (35906A 306). In addition, and at the same time, the total number of shares of common stock that Frontier is authorized to issue changed from 1,750,000,000 shares to 175,000,000 shares.
Frontier Communications provides communications services to urban, suburban, and rural communities in 29 states. It offers a variety of services to residential customers over its fiber-optic and copper networks, including video, high-speed Internet, advanced voice, and Frontier SecureÂ® digital protection solutions.