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Broadband

Frontier adopts shareholder rights plan to protect tax losses

Tuesday 2 July 2019 | 10:39 CET | News
Frontier Communications announced that its board adopted a shareholder rights plan designed to prevent a change in control of the company that could threaten the availability of its net operating loss carryforwards. These were worth USD 2.4 billion at the end of 2018 and can be offset against future profits to reduce the US operator's tax bill. 

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Categories: Fixed
Companies: Frontier Communications
Countries: United States
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