Printer Friendly

Frontier Communications of New York to Redeem Preferred Stock

ROCHESTER, N.Y., Nov. 25 /PRNewswire/ -- Frontier Communications of New York, Inc., a subsidiary of Frontier Corporation (NYSE: FRO) today announced that it will redeem its entire $2.5 million of outstanding preferred stock effective January 1, 1997.

Frontier Communications of New York currently has 18,694 shares of its 5.875 percent "Series A" preferred stock and 6,160 shares of its 7.80 percent "Series B" preferred stock outstanding. As set by the company's Certificate of Incorporation, the redemption price for the "Series A" stock is $100.00 per share and $102.20 per share for the "Series B" stock.

Frontier Communications of New York, formerly Highland Telephone, provides integrated communications services to more than 92,000 customers in Clinton, Duchess, Essex, Franklin and Orange counties in New York state.

Frontier Corporation is the parent company whose long distance, local telephone and wireless communications subsidiaries provide a range of integrated services to customers. Frontier is a Fortune 500 company with annualized revenues of more than $2.5 billion. With more than 8,500 employees and 150 sales locations nationwide, Frontier is the fifth largest long distance company in the United States.

You can now receive a faxed copy of any Frontier Corporation press release dating back to November 1995, free of charge, 24 hours a day. Call 1-800-758-5804, extension 762302. An automated system will provide you with instructions.

Visit Frontier Corporation's home page on the World Wide Web: http://www.frontiercorp.com

SOURCE Frontier Corporation
 -0- 11/25/96


/CONTACT: Michele D. Sadwick of Frontier, 716-777-6021/

(FRO)

CO: Frontier Communications of New York, Inc.; Frontier Corporation ST: New York IN: TLS SU:

MS -- NYM132 -- 3876 11/25/96 15:16 EST http://www.prnewswire.com
COPYRIGHT 1996 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 25, 1996
Words:287
Previous Article:XENERGY Approved as Energy Services Vendor to U.S. Government
Next Article:Connect2SMTP v4.2 Enhances Internet E-Mail Connectivity
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters