Monday, April 26, 2021

Frontier Names New Board and Projected Emergence From Bankruptcy

 Frontier Communications Corporation (OTC: FTRCQ) Friday provided an update on its projected emergence from bankruptcy in addition to announcing a new board of directors. The company said it has received all necessary regulatory approvals and now expects to emerge from Chapter 11 on April 30, 2021.

“Frontier is ready to set a new course as a revitalized public company. Through the restructuring process, the company has stabilized its business and recapitalized its balance sheet, while making significant progress on the early stages of implementing our initial fiber expansion plan,” said John Stratton, incoming Executive Chairman of the Board. “Frontier’s success with the Fiber-to-the-Home pilot program, which upgraded more than 60,000 locations from copper to fiber optic service in 2020, is just one example of the important work already underway. Frontier’s future is bright. I’m eager to work closely with our new Board, our CEO Nick Jeffery, and the rest of the leadership team to build the new Frontier.” Continue Reading

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