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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   Printer-friendly
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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  • (Score: 2) by RS3 on Wednesday January 22 2020, @05:55AM (1 child)

    by RS3 (6367) on Wednesday January 22 2020, @05:55AM (#946724)

    There are services, like efax.com, srfax.com, and many more if you do a web search, which will convert an email to fax and then they send the fax for you.

    Starting Score:    1  point
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  • (Score: 2) by Pino P on Monday January 27 2020, @03:50AM

    by Pino P (4721) on Monday January 27 2020, @03:50AM (#949172) Journal

    I'm aware of them. But the services you mention also charge a fairly substantial monthly fee, which I admit can still be less than the $1.00 per page that the local public library charges or $2.00 per page that a copy shop charges.