"Pre-packaged" bankruptcy probable in early 2020:
https://www.bnnbloomberg.ca/frontier-communications-seeking-new-ceo-ahead-of-restructuring-1.1345402
2 replies (most recent on top)
Ok I don't work there. This is a Windstream page
People complain about WINMQ being in bad shape and FTR is like hold my beer!
Yes, things are really bad over there. They are LEC only provider in alot of smaller markets.
Wireline business is dying and they are trying to stay afloat.
We had LOTS of talent leave ELNK / PAE / WIN to go there over the past few years.
For a short time the grass was greener and now they are bleeding talent.
That ship is really sinking and it's going to be worse than the Titanic. They have already went through a 20 to 1 reverse split. Their next step is to be taken over the PUC here in NY that is how
bad things are.