Connecticut regulators approve Frontier’s bankruptcy restructuring with conditions
The Connecticut Public Regulatory Commission (PURA) approved Frontier Communication’s bankruptcy reorganization with conditions, including a requirement for Frontier to deploy fiber to additional 100,000 locations in Connecticut by the end of 2024, to keep its corporate headquarters in Connecticut, and to maintain its current number of Connecticut-based technicians and customer service representatives for two years. CWA had asked PURA to require fiber deployment to 200,000 locations and a Connecticut capital investment of $400 million.
“CWA remains committed to working with Frontier to provide the best possible service to Connecticut customers and to ensure that Frontier lives up to both the letter and spirit of this decision. We hope that this decision will serve as a starting point for Frontier’s continued investment and that Frontier makes a strong, ongoing commitment to Connecticut homes and businesses to provide Connecticut with the connectivity we deserve,” said Dave Weidlich, CWA Local 1298 president. “However, we believe this was a missed opportunity to follow the lead of other states who have put stronger conditions on Frontier related to capital investment, broadband deployment and workforce retention.”'
Links:
State regulators approve Frontier Communications bankruptcy reorganization (Hartford Courant, Feb. 4, 2021)
Frontier Communications stockholders approve Verizon’s merger bid
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