Frontier Communications’ bankruptcy filing marks the end of an era in which it racked up billions in debt as part of an expansion that turned it into one of the nation’s largest telecom companies
Frontier Communications Corp. filed for bankruptcy Tuesday to implement a prearranged $10 billion debt-cutting proposal backed by the telephone and internet-service provider’s bondholders.
The Norwalk, Conn., telecommunications company is the country’s No. 7 broadband provider by subscribers and the No. 4 incumbent telephone company after AT&T Inc., CenturyLink Inc. and Verizon Communications Inc., a legacy of the 1984 breakup of the Ma Bell monopoly. Frontier grew quickly over the past two decades by scooping up phone...
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