Frontier Communications Creditors Jockey in Refinancing Push [telecom]
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.
Posted 5 years ago by Bill Horne in General Telecommunications Forum
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