Hopefully R. Perley McBride's family reacted better than Wall Street to the news that he was leaving Frontier Communications to "spend more time with his family."
McBride, executive vice president and chief financial officer of the struggling CSP, today revealed he is resigning from Frontier. He plans to remain in his position until Aug. 31 to help his replacement transition into the new role, then move back to Atlanta where his family lives. Frontier said it is now actively seeking a new CFO.
Upon news of McBride's departure, Frontier's stock dropped 6.7% to the lowest point it's been since February, according to Seeking Alpha.
"[McBride] has been a major contributor to our company during pivotal times. In particular, Perley has done a tremendous job managing our balance sheet. He has negotiated improvements in the terms of our credit agreements, raised $1.6 billion of new second lien debt, and retired approximately $1.7 billion of unsecured notes," said Daniel McCarthy, Frontier president and CEO, in a statement.
"These steps, together with the stabilization in our business as reflected in our most recent quarterly results, have placed Frontier on a positive path forward," he added.
Broadband-infrastructure financial firm CoBank found rural Type II diabetes patients felt better, had improved relationships with their healthcare providers -- and saved money, when they had high-speed-powered telemedicine.
JP Lee, Vice President at KT's R&D Center and head of the operator's access network technology R&D group, talks about the use of AI in telecoms and how the Korean operator devised its Dr. Lauren Project.
Wi-Fi is the foundation of the connected home for consumers; yet, it’s often a source of frustration. With the imminent release of the new Wi-Fi 6 standard – combined with a strong Managed Wi-Fi offer – service providers can reverse subscriber frustration while tapping into new revenue streams.
Key topics include:
What’s different about Wi-Fi 6 and why it matters to your subscribers
The importance of offering Managed Wi-Fi and its connection to Wi-Fi 6
How you can elevate your brand and gain a strong foothold in the home network.
In this insightful Light Reading radio show, Kurt Raaflaub, Head of Strategic Solutions Marketing, will outline the key service provider challenges, deployment considerations, next-gen Gigabit technologies, and service models to win market share in the rapidly growing MDU market.