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.