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Federal Communications Commission Approves Frontier's Chapter 11 Restructuring


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Federal Communications Commission Approves Frontier’s 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) (“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. U ....

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Frontier gets FCC nod for Chapter 11 restructuring


Troubled phone and internet provider Frontier Communications secured approval from the Federal Communications Commission (FCC) for its Chapter 11 restructuring and expects to emerge from bankruptcy early this year, the company announced today.
Under the restructuring plan, Frontier will cut its debt by more than $10 billion and give senior creditors an ownership stake in the company. 
“We continue to make important progress in our constructive engagement with regulators across our service territories, and this approval from the FCC marks a major milestone,” said Frontier President and CEO Bernie Han.
A total of 13 states have reviewed and approved Frontier’s restructuring, with an OK from Connecticut’s Public Utilities Regulatory Authority (PURA) and three other states still pending.  ....

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Graham bill targets timeliness on Section 230 'reform'


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New Frontier CEO Nick Jeffrey led turnaround of UK telecommunications company