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As bankruptcy looms, Frontier laments lack of fiber

April 6, 2020

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As Frontier Communications charts a course to a bankruptcy filing next week, the company regrets not spending more on fiber network upgrades. In a regulatory filing on March 27, Frontier Communications outlined a restructuring plan that included filing for Chapter 11 bankruptcy on April 15. Frontier, which is saddled by a $17.5 billion debt load, also said its restructuring would include reducing its debt load by $11 billion.

Earlier this year, it seemed as though Frontier would file for Chapter 11 in the middle of last month, but instead it chose to skip debt payments that were due March 15 and April 1.

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