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Frontier moves listing to Nasdaq from NYSE

  • Listed: December 2, 2011 3:51 pm

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STAMFORD, Conn. (AP) — Frontier Communications Corp. is moving its stock listing to the Nasdaq from the New York Stock Exchange in a cost cutting move, the phone service provider said Friday. It will start trading on the Nasdaq on Dec. 16, keeping its “FTR” symbol. Frontier is facing challenges as consumers cancel their phone lines. In the Stamford, Conn., company’s most recent quarter, revenue fell 8 percent to $1.29 billion, while net income slid 30 percent to $20.4 million. Moving to the Nasdaq will reduce Frontier’s annual operating expenses, said CFO Donald Shassian in a statement Friday. Shares rose 4 cents to $5.68 in morning trading. on Twitter, become a fan on What do you think? Is…

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