Stories
Slash Boxes
Comments

SoylentNews is people

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


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by RS3 on Wednesday January 22 2020, @06:00AM (2 children)

    by RS3 (6367) on Wednesday January 22 2020, @06:00AM (#946726)

    > In my state, Frontier bought out Verizon. Frontier owns the copper.

    That's interesting. Well, not sure what's going on besides Frontier profiteering.

    Have you looked into satellite? IIRC, isn't Space-X, or Amazon or someone putting up more Internet satellites?

    Have you looked into cell repeaters and high-gain Yag or planar antennas? Might be a very good investment.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 2) by fliptop on Wednesday January 22 2020, @01:04PM (1 child)

    by fliptop (1666) on Wednesday January 22 2020, @01:04PM (#946806) Journal

    Have you looked into satellite?

    I had Dish for a spell some time ago but they limit bandwidth and the latency makes using SSH very difficult. Plus when the weather is bad it doesn't work at all.

    One of my clients provides wireless internet, and I get 5 down and 3 up, which isn't great but it's better than DSL. Since they're my client I get it for free. No complaints.

    --
    Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.
    • (Score: 2) by RS3 on Wednesday January 22 2020, @03:37PM

      by RS3 (6367) on Wednesday January 22 2020, @03:37PM (#946848)

      Good deal!

      Again, I get Xfinity through a client, so many WiFi hotspots to be found. With one of my USB WiFi adapters I can connect reliably well, over 30 mbps, at > 300'. Aiming it is touchy though; someday I'll get a high gain antenna.

      Yeah, satellite latency is a problem. Years ago one of them (Dish?) had you use a dial-up + satellite and the latency wasn't so bad. The newer ones being deployed- I think it's Space-X (??) will be in a much lower orbit so the latency will be minimal.

      I still think you might look into cell repeaters for your home- some are quite inexpensive.