On June the 22nd, 2016, the Board of Bucks County Commissioners approved an upgrade of their Emergency Communications 911 phone system. The resolution was approved during a meeting on Wednesday. The county’s 911 phone system, which is located in Ivyland, has not been upgraded since 2008. The resolution was passed unanimously. The arrangement will include a $2.042 million dollar contract with Frontier Communications of America, which is a subsidiary of Frontier Communications Corporation (NASDAQ: FTR). Within the agreement, Frontier will provide the county with the necessary hardware needed to complete the upgrade. The company will also provide maintenance to the system for the next five years.
Frontier will also upgrade the county’s backup system, which is located at the County Administration building in Doylestown. Additionally, the contact included a $256,000 deal with MCM Consulting Group. MCM Consulting will provide consulting for the county’s Computer Aided Dispatch system. In early 2015, it was announced that Fontier had completed the sale of four next-gen 911 communication systems to six New York counties. In other recent FTR news, the company named Matthew Stein as their southeast region vice president. Frontier also appointed Craig L. Collins as VP of commercial sales and operation for the west region.
During the trading window on Thursday, FTR stock fluctuated between $5.18 and $5.04. The stock closed at $5.10 for an increase of .30%. The stock’s median twelve-month price target among the twelve analysts currently covering the company sits at $6.00, with the highest being $8.00.