FCC Approves Frontier’s Chapter 11 Restructuring, But Union Blasts It
Frontier plans to emerge from bankruptcy early this year.
Frontier plans to emerge from bankruptcy early this year.
The New York Public Service Commission is the latest to sign off on its restructuring plan.
Windstream will reduce its debt by more than $4 billion or about two-thirds.
The COVID-19 pandemic could complicate the restructuring process.
Frontier likely overextended itself when it acquired the former GTE territories from Verizon.
This summer, Ribbon Communications rolled out a restructuring initiative, including layoffs.
Ribbon expects to save $6 million from the cuts.
But the company says exciting things are ahead for the channel.
Ingram and CDW results indicate the market for information and communications technology products is healthy, but intensely competitive.
It remains to be seen if Microsoft’s new restructuring plan will help it become more competitive against Google and Apple, but at least one industry insider is skeptical that this will improve the Redmond, Wash.-based software giant’s position.
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