Frontier Communications Creditors Jockey in Refinancing Push [telecom]

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GoldenTree investor group warns of potential lawsuit over financial maneuvers

By Andrew Scurria

Frontier Communications Corp. is getting pushback from creditors on a
potential strategy for tackling nearly $18 billion in debt and coping
with cord-cutting consumers.

Tensions are escalating between investors holding unsecured Frontier
bonds that have lost value as the telecommunications company struggles
to wring revenue from a contrarian bet on landlines. Customer
defections to cable companies have hammered Frontier's bottom line
since 2016, leaving it scrambling to delay debt obligations that
financed its expansion.

Bill Horne
(Remove QRM from my email address to write to me directly)

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