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Frontier Communications Corporation (OTC: FTRCQ) (“Frontier Communications”) announced today that it has secured approval from the Federal Communications Commission (FCC) for its Chapter 11 restructuring. Frontier now has regulatory approvals, or favorable determinations, for its required change-in-control applications related to its court-supervised restructuring from the FCC and 13 states: Arizona, Georgia, Illinois, Minnesota, Mississippi, Nebraska, Nevada, New York, Ohio, South Carolina, Texas, Utah and Virginia.
Frontier expects to promptly consummate the transactions contemplated under its previously confirmed Plan of Reorganization and emerge from Chapter 11 in early 2021. Upon emergence, Frontier will have reduced its total outstanding indebtedness by more than $10 billion and will move forward with enhanced financial flexibility to support continued investment in an improved customer experienc
Provided by Business Wire
Federal Communications Commission Approves Frontierâs Chapter 11 Restructuring
Company Has Also Received Regulatory Approval or Favorable Determinations in Thirteen States;
Expects to Emerge from Chapter 11 in Early 2021
Frontier Communications Corporation (OTC: FTRCQ) (âFrontier Communicationsâ) announced today that it has secured approval from the Federal Communications Commission (FCC) for its Chapter 11 restructuring. Frontier now has regulatory approvals, or favorable determinations, for its required change-in-control applications related to its court-supervised restructuring from the FCC and 13 states: Arizona, Georgia, Illinois, Minnesota, Mississippi, Nebraska, Nevada, New York, Ohio, South Carolina, Texas, Utah and Virginia.
Frontier expects to promptly consummate the transactions contemplated under its previously confirmed Plan of Reorganization and emerge from Chapter 11 in early 2021. Upon emergence, Fronti
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Frontier Communications is encouraging customers to be safe and prepared for the potential impacts of a winter storm predicted to bring heavy, wet snow from the afternoon of Wednesday, Dec. 16 through the afternoon of Thursday, Dec. 17 to areas of southern Connecticut and southeast New York and parts of Pennsylvania and West Virginia. Total snow accumulations of 12 to 17 inches are possible, with winds gusting as high as 45 mph, especially along the coast. Frontier s Emergency Response Center is open, and our teams are taking the necessary steps to prepare for potential impacts from the storm, said Julie Murtagh, Frontier s Senior Vice President of Operations for the East Region. This includes hardening our facilities, fueling generators and preparing to address network issues that may result from storm-related causes.