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Frontier mulls major reorganisation, including departure of CEO, filing for bankruptcy - report

2019-11-11 15:19:00| Telecompaper Headlines

(Telecompaper) Frontier Communications is in talks with advisors about its debt of USD 17.5 billion, Bloomberg reported, with sources saying creditors want Frontier to restructure and come out with a plan. This could include the company declaring itself bankrupt, a move which could take place in the first quarter of next year, before USD 300 million worth of interest becomes due in March, sources said. Some investors have argued that it would be better for the company to file for Chaper 11 sooner rather than later. The major restructuration plan would also include new management and a new CEO. Sources say Frontier has started looking for a possible replacement to Dan McCarthy, who has the company's CEO since 2015.

Tags: including report major filing

Canoe adds Frontier to its dynamic ad insertion platform

2019-10-28 15:30:54| Digital TV News

Canoe Ventures has added Frontier Communications (NASDAQ: FTR) to its footprint of VOD-DAI enabled television distributors. Frontier joins Charter (NASDAQ:CHTR), Comcast (NASDAQ: CMCSA) and Cox as the fourth MVPD to utilize Canoes Service Assurance platform.

Tags: dynamic platform adds insertion