Financial reports indicate that Frontier Communications is considering bankruptcy.
A debt payment is due soon, which prompted the company to ‘evaluate’ its capital structure. Company officials say they’re working to reduce debt now.
The expectation is that the company would file Chapter 11 bankruptcy, which would allow it to keep operating.
Frontier is based in Norwalk, Connecticut. They provide television, internet, and phone services to customers in 29 states.
The bankruptcy deal could be publicly outlined by March.
Officials say the filing wouldn’t impact customers. The company serves parts of the region.
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