Frontier Reportedly Filing for Bankruptcy

Bloomberg News reported this week that Frontier Communications, the landline phone and internet provider that covers northern Door County, could file for bankruptcy by the middle of March. 

Javier Mendoze, Frontier’s vice president of corporate communications and external affairs, said in a statement sent to the Peninsula Pulse that Frontier’s business and operations remain solid. 

“Serving our customers remains our top priority,” he said. “As we have said publicly, Frontier is evaluating its capital structure with an eye to reducing debt and interest expense so as to be able to better serve our customers. Our customers should expect no changes as we remain focused on providing quality communications services.”

Bloomberg reported that company executives including Bernie Han, Frontier’s new chief executive officer, met with creditors and advisers and told them the company wants to negotiate a pre-packaged agreement before $356 million of debt payments come due March 15. 

In October, the Pulse reported that Frontier did not reconnect service for many summer residents and was not accepting new residential customers.

At that time, Frontier responded in a statement saying that it had temporarily stopped adding new broadband customers in the Door County service area as a result of increasing use and demand for higher-bandwidth services.