Frontier Communications is Selling Its Operations in 4 States


By

on

in

,

Remote and Soccer game on TV

Remote and Soccer game on TVDo you have Frontier Communications as your home internet or TV provider? Now that company will have new owners in four states. With this deal Frontier Communications will sell its operations in four U.S. states for $1.35 billion to private investment firms WaveDivision Capital LLC and Searchlight Capital Partners LLC. The states that are impacted with this deal are Washington, Oregon, Idaho, and Montana according to a report from Reuters.

Creditors had been pushing Frontier for a plan to pay off its $17.5 billion in debt, according to Bloomberg. This plan reportedly could include bankruptcy.

Creditors had already hired the consulting firm Altman Viladrie & Co. to perform due diligence on Frontier including a possible reorganization of its business plan. In addition, Frontier is looking for a change in management amid restructuring and will reportedly replace Chief Executive Officer Dan McCarthy.

Frontier has even warned that it may have to file for court protection from its creditors. This would protect the company and help unload debt in bankruptcy. Frontier is not the only cable company in trouble. Windstream Holdings has also asked for protection from its creditors. now though it seems it has followed through with a plan to sell part of the company to help pay off its debts.

Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.

Did you know we have a YouTube Channel? Every week we have a live Cord Cutting Q&A, and weekly Cord Cutting recap shows exclusively on our YouTube Channel!

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like http://Amazon.com, streaming services, and others. Affiliate links help sites like Cord Cutters News, LLC stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.