stopthecap.com
Frontier's Troubles Mount: Company Rejects Low-Ball Offers for Assets, Worries About Its Debt ·
Frontier Communications failed to attract any credible bids for its Florida service area it hoped to sell to raise cash to help pay down its massive debts, now reaching 23 times the size of the market value of its outstanding shares of stock. Frontier’s money problems come largely from its 2016 $10.54 billion acquisition of …