Randy Campbell is the new General Manager for Frontier Communications Corp (NASDAQ:FTR) Beach cities. The experienced business leader will be looked upon to coordinate the company’s operations in the Southern California coastal region, encompassing Laguna Beach, Long Beach, and Manhattan Beach Huntington beach among others.
Based on Long beach, Campbell will report directly to Mr. Michelle Wolloff the company’s senior vice president and general manager for Southern California Westside region. Some of his responsibilities will involve overseeing the delivery of voice services and broadband video to more than 500,000 households.
Campbell joins Frontier Communications with years of experience having worked as an area manager at Verizon Communications Inc. (NYSE:VZ). He is also accredited of leading a team of 130 managers and technicians in establishing telecommunications infrastructure and service in Southern California. With the appointment of the new General Manager, the company has also confirmed that it is looking to hire 40 new employees to feel residential sales and service consultant positions in the Fort Wayne area.
$80 Million Loss
Separately, the wireless company has confirmed that it lost $80 million in the second quarter after the acquisition of Verizon’s landline Internet and cable operations in Florida, Texas, and California. With the absorption now complete, Frontier Communications says it does not expect to be at loggerhead with clients and regulators as was the case in the second quarter.
Frontier Communications was the subject of immense criticism on social networks after acquiring the cable operations in the three states in a $10.5 billion deal. Thousands of people took to social networks to air their outraged about a loss of services, which forced state Attorney Generals to intervene. The company on its defense reiterated that it only experienced slight elevations in disconnects because of the April 1 takeover.
During the second quarter, Frontier Communications Corp (NASDAQ:FTR) reported revenues of $2.6 billion, double revenues of $1.3 billion reported for the same period last year. Operating income came in at $311 million up from $193 million last year, mostly aided by the Verizon businesses acquisition. The company now boasts of 5.2 million customers up from 3.2 million as of last year same quarter.
Progressive Care Inc (OTCMKTS:RXMD) Reports Better Than Expected Revenues For July 2016
Progressive Care Inc (OTCMKTS:RXMD) has been experiencing fluctuations in its share price, despite a very encouraging 2Q2016 financial report from the company. Since the filing, RXMD has lost $0.003 of its share value, in the last five trading sessions alone. However, the company has issued yet another revenue update for shareholders, for July 2016. RXMD announced that it recorded revenues of $1.5 million, during July 2016 alone. On a year-over-year basis, the number of prescriptions filed during July jumped by 3.5%, to 16,600. This also resulted in a 43% increase in revenues for July.
RXMD revealed that revenues have been driven mostly by compounded medications. Moreover, PharmCo continues to be an important aspect of Progressive Care’s business. The management also stated in the update that it had over 341 million shares of its commons stock, issued and outstanding. S. Parikh Mars, the CEO of RXMD, stated that this had been an excellent start to the quarter. He also claimed that so far the business had been slow and the gains were very unexpected, given the change in reimbursement rates.