This was a Verizon spin-off. Hold on to your hats. The g-force boost is inevitable for its share price. With a company as dominant as Verizon, only good can be bestowed upon this company.
I am learning that if results don't come in line, ouch slap and wow. Wall slaps you down. However far as take over bid I don't see that right now. If FTR can get back to a growth company it should all work out imo
cd... From a pure Cash Flow perspective FTR is a wonderful entity. If some big player that likes regulated near monopolies .... like railroads for example were interested in buying FTR would be a wonderful company to own all of. I could see such an entity like Berkshire Hathaway scooping up this kind of cash flow. For the very same reason many people buy shares of FTR for the dividend at 9% or so the whole company could be had for just 6 billion.
Doing some Googling reveals:
Citizens Telecommunications Company of West Virginia is the local exchange carrier of telephone service in some regions in West Virginia.
The company was founded in 1897 as the Short Line Telephone Company. In 1975, the company changed its name to Mountain State Telephone Company. In 1995, the company became Citizens Mountain State Telephone Company in 1995 upon its acquisition from Alltel. The company operated separately from Citizens' existing operations in West Virginia that operated under the Citizens Telecommunications Company of West Virginia name.
In 2000, Citizens Mountain State absorbed the former GTE operations that Citizens acquired in 1994. At this point, Citizens Mountain State Telephone Company then changed its name to Citizens Telecommunications Company of West Virginia.
In 2001, the company began doing business as Frontier Communications of West Virginia.
The company operates separately from Frontier West Virginia, regulated as a Bell Operating Company, which was acquired by Frontier in 2010.
Sale to Frontier
On July 1, 2010, Verizon sold New Communications Holdings, Inc. and its holding company New Communications ILEC Holdings to Frontier Communications. Included in the sale was Verizon West Virginia, among other select Verizon landline properties, which became Frontier West Virginia, Inc. The company operates separately from Citizens Telecommunications Company of West Virginia, the existing Frontier provider in the state.
Even though Frontier Communications is not a Baby Bell, the FCC determined that Frontier West Virginia is successor to laws imposed during its time as C&P Telephone of West Virginia; therefore, it is still responsible to uphold obligations expected of Bell Operating Companies outlined in the Telecommunications Act of 1996.
Frontier West Virginia is the only Bell Operating Company to have been completely divested by a Baby Bell and sold to a non-Baby Bell. Some historically Bell local access lines have been sold to non-Baby Bells over the years by BellSouth, US West, and Verizon; however, the Bell Operating Companies from which those exchanges were split have remained in existence with the Baby Bells.