Frontier Communications Inc.FTR is leaving no stones unturned to drive its business. The telecom operator, who primarily provides services to rural areas and small and medium-sized towns and cities in the U.S., recently announced the rollout of 'Vantage TV' IPTV and broadband services in North Carolina. By foraying into the region, Frontier Communications will challenge major incumbents like AT&T Inc. T and Charter Communications Inc. CHTR .
Frontier Communications launched its Vantage premium services earlier this year to deliver HD TV, ultra-fast broadband and enhanced Voice over Internet Protocol (VoIP) services. Frontier Communications' Vantage TV service rollout in North Carolina is likely to leverage from its recent acquisition of Verizon Communications Inc.'s VZ wireline assets in the state. Notably, the Vantage platform will use both copper and fiber to the network (FTTN) for the deployment of the services. The company has also upgraded its fiber plant for the purpose of supporting the service rollout.
Although Frontier Communications is aiming high in North Carolina, competition from larger rivals is a matter of concern. AT&T, who has a large presence in the area, is set to launch "DirecTV Now' services in early 2017. Meanwhile, Charter Communications, who recently acquired Time Warner Cable, will alo look to gain a strong foothold in the state. Moreover, Alphabet Inc, who presently provides 1Gbps service in Morrisville, is seeking to expand in other parts of North Carolina. However, through attractive pricing, Frontier Communications can gain substantial customers in North Carolina.
Frontier Communications has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here
FRONTIER COMMUN Price
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