Frontier Expects to Exit Chapter 11 April 30
Frontier expects to emerge from bankruptcy April 30 (see 2103250059), the company announced Friday. It's forming a new eight-member board (see personals section for board members). The telco has "stabilized its business and recapitalized its balance sheet, while making significant…
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progress on the early stages of implementing our initial fiber expansion plan,” said incoming Executive Chairman John Stratton. The company will hold a call April 30 at 10 a.m. EDT. Communications Workers of America, which represents 8,000 Frontier employees, said in a statement it intends to "hold the company accountable to commitments that the union secured on jobs and improved service for customers."