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Frontier, an ISP in 29 States, Plans to File for Bankruptcy

posted by Fnord666 on Tuesday January 21 2020, @09:59AM   
from the routine-bankruptcy dept.

Arthur T Knackerbracket has found the following story:

Frontier Communications is planning to file for bankruptcy within two months, Bloomberg reported last week.

The telco "is asking creditors to help craft a turnaround deal that includes filing for bankruptcy by the middle of March, according to people with knowledge of the matter," Bloomberg wrote.

Frontier CEO Bernie Han and other company executives "met with creditors and advisers Thursday and told them the company wants to negotiate a pre-packaged agreement before $356 million of debt payments come due March 15," the report said. The move would likely involve Chapter 11 bankruptcy to let Frontier "keep operating without interruption of telephone and broadband service to its customers."

Frontier reported having $16.3 billion in long-term debt as of September 30, 2019.

-- submitted from IRC

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Original Submission

• Re:Frontier customer here Re:Frontier customer here (Score: 1, Funny) by Anonymous Coward on Tuesday January 21 2020, @05:29PM (1 child)

  by Anonymous Coward on Tuesday January 21 2020, @05:29PM (#946421)

  I'm sure Comcast will treat you as a respected customer once the buyout of Frontier is finished.

  Parent

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• Re:Frontier customer here (Score: 2) by fliptop on Wednesday January 22 2020, @02:57AM

  by fliptop (1666) on Wednesday January 22 2020, @02:57AM (#946645) Journal

  Comcast

  Not available where I live, too far from town.

  --
  Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.

  Parent