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.

formatting link

Reply to
Bill Horne
Loading thread data ... Forums website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.