Frontier reorganisation plan confirmed by US Bankruptcy Court

25 Aug 2020

Frontier Communications has announced that the US Bankruptcy Court for the Southern District of New York has confirmed its ‘Plan of Reorganisation’, subject to final documentation. Upon emerging from the process, the company will have reduced its total outstanding indebtedness by more than USD10 billion.

Since commencing its in-court restructuring, Frontier – which is operational in 25 states – says it has secured regulatory approvals or favourable determinations in six states and is progressing with its attempts to secure the remaining permissions. Following the completion of the regulatory approval process the telco expects to complete its restructuring and successfully emerge from Chapter 11 bankruptcy protection.

United States, Frontier Communications