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January 26, 1999 10:00 AM PST

Frontier cuts annual dividend to compete

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The No. 5 U.S. long-distance phone company slashes its annual dividend by 78 percent so it can spend more on data and Internet services to compete better with its larger rivals.

The story "Frontier cuts annual dividend to compete" published January 26, 1999 at 10:00 AM is no longer available on CNET News.

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