Shares of Frontier Communications Corp (NASDAQ:FTR) ended Thursday session in red amid volatile trading. The shares closed down -0.06 points or -1.30% at $4.54 with 19.17 million shares getting traded. Post opening the session at $4.62, the shares hit an intraday low of $4.52 and an intraday high of $4.64 and the price vacillated in this range throughout the day. The company has a market cap of $5.29 billion and the numbers of outstanding shares have been calculated to be 1.17 billion shares.
Frontier Communications Corp (FTR) on September 1, 2016 hired Dale Shover as Vice President-Business Operations/Finance for the South Region, covering Texas, New Mexico, Arizona and Nevada.
Shover will have responsibility for the region’s financial planning and analysis, performance assurance and facilities management. As such, he will oversee the financial operations, including accurate tracking and reporting of revenue, expense and capital expenditures.
In addition, he will be responsible for the preparation, analysis and reporting of monthly, quarterly and annual budget/forecasting process. Shover will not only monitor and track the financial health and performance of the region, but will also partner with our organizational leaders to drive critical business initiatives and strategic solutions to support Frontier priorities.
“Dale is a financial leader with the ability to go beyond the numbers,” said Rhonda Lutzke, Frontier Communications South Region president. “He has a record of applying financial analysis in solving business problems and integrating financial discipline into operational decision-making. I look forward to working with him to achieve our 2016 goals.”
Shover began his professional career with PwC as a management consultant serving clients in the oil & gas industry. He joins Frontier from retail electricity provider TXU Energy, where he managed finance, strategy and merger and acquisition matters related to TXU’s commercial business. He earned his MBA from the McCombs School of Business at the University of Texas at Austin, and earned a Bachelor’s Degree in Economics and Finance from Trinity University in San Antonio, Texas.
“I was really attracted to Frontier for its people and their focused attention on serving and adding value to our customers,” said Shover. “I’m looking forward to joining the Frontier team and embracing its customer-first culture. I’ve been very impressed with all of the teams I’ve met and I’m excited to join them as I take this next step in my career.”
Shares of Hewlett Packard Enterprise Co (NYSE:HPE) ended Thursday session in green amid volatile trading. The shares closed up +0.68 points or 3.17% at $22.16 with 18.91 million shares getting traded. Post opening the session at $21.43, the shares hit an intraday low of $21.08 and an intraday high of $22.32 and the price vacillated in this range throughout the day. The company has a market cap of $36.65 billion and the numbers of outstanding shares have been calculated to be 1.66 billion shares.
Hewlett Packard Enterprise Co (HPE) on Sep 1, 2016 completed the pending sale of its equity stake in Mphasis Limited, a publicly-listed IT services provider in Bangalore, to private equity funds managed by Blackstone ( NYSE : BX ), one of the world’s leading investment firms. Blackstone purchased 100% of HPE’s stake in Mphasis for INR 430 per share, or approximately $825 million.
In conjunction with the sale, HPE also entered into a five-year renewal of its existing master services agreement with Mphasis, whereby Mphasis will continue to provide strategic service delivery capabilities to HPE.