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Frontier restructuring plan gets approved by NY Public Service Commission

Monday 19 October 2020 | 10:28 CET | News
US fixed operator Frontier Communications, which filed for bankruptcy on 14 April, said its Chapter 11 restructuring plan has been approved by the New York Public Service Commission. The company's plan has now received regulatory approvals or favourable determinations in ten states, including Arizona, Georgia, Illinois, Minnesota, Nebraska, Nevada, New York, South Carolina, Utah and Virginia. The company is planning to emerge from Chapter 11 early next year. Upon emergence, the company will have reduced debt by over USD 10 billion.

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Categories: Fixed
Companies: Frontier Communications
Countries: United States
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