All articles tagged with #frontier communications
Verizon has appointed former PayPal CEO Dan Schulman as its new CEO, replacing Hans Vestberg, who will remain on the board until 2026. Schulman, known for significantly growing PayPal, aims to lead Verizon through a phase of growth and sector leadership, while the company continues its acquisition of Frontier Communications to expand its broadband network. Shares dipped slightly following the announcement.
Frontier Communications is restoring its IT systems after a cybercrime group breached its network, leading to partial shutdowns and operational disruptions. The company believes the breach has been contained and is working on restoring normal business operations. Some personally identifiable information (PII) data was accessed, and the company is investigating the incident with the help of cybersecurity experts while reassuring that it does not expect a significant impact on its financial condition or operations. Customers have reported internet outages and difficulties reaching support following the attack.