Frontier Communications has appointed current Treasurer Sheldon Bruha to serve as interim chief financial officer as the operator evaluates candidates to replace R. Perley McBride, who is scheduled to leave his position at the end of this month.
Frontier Communications Corp. (NYSE: FTR) made its plans known in an Aug. 23 SEC filing. Bruha, who joined Frontier in February 2018 as corporate treasurer, previously held corporate financial positions at Cable & Wireless Communications.
McBride was asked to rejoin Frontier in September 2016 (see the offer of employment letter here), after previously working at the provider between 2004 and 2010.
Some analysts are optimistic that a different financial leader could breathe new life into Frontier, which faces ongoing financial pressures, due to an ill-conceived acquisitive spree as well as a scheduled lawsuit. However, Frontier has given no timeline for when it will name a new permanent CFO.
Overall peak usage on US cable networks continues to flatten out and even decline slightly, but sustained higher levels of usage on the upstream path have persisted, according to the latest data from the NCTA.
Over the next two years, approximately 60% of service providers (both large and small) will adopt virtualization on a wide scale across their networks, according to the latest survey report from Ovum. Why are providers making these moves? Is there an easy way to start?
Learn how and why service providers are using virtualization to transform their networks. This webinar will look at how providers are leveraging virtualization to create more flexible and agile networks while also providing a better customer experience. Expert speakers from netElastic and Heavy Reading will address the industry drivers for network virtualization, the benefits that can be realized, the challenges to face and the results of virtualization being achieved by providers today.
Key topics will include:
Current network infrastructure and the move to virtualization
Benefits and challenges of network virtualization
How providers can get started
Service provider success stories: the decision to virtualize, the solution, and results