Frontier Communications, which filed for bankruptcy in April, can now move forward with its restructuring plan after the US Bankruptcy Court in the southern district of New York signed off on the plan.
The company, which has suffered significant customer losses due to neglect of its network over the past two decades, will now see its debt reduced by $10 billion. Company leaders say the debt reduction will allow them to make needed investments and become competitive.
CLICK HERE for a story on the Frontier Bankruptcy plan at Telecompetitor.
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