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.

https://www.wsj.com/articles/frontier-communications-creditors-jockey-in-refinancing-push-1522966932

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

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