Thread regarding Frontier Communications Corp. layoffs

Selling FL might be part of "restructuring" or chapter 11

"Frontier Communications (FTR -1.9%) is closing in on restructuring talks, telling bondholders it's about to present a detailed plan to cut its $17B debt load, according to The Wall Street Journal."

https://seekingalpha.com/news/3500906-frontier-signals-upcoming-plan-cut-17b-debt-load-wsj

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Post ID: @119PJfA7

15 replies (most recent on top)

Florida operations was always the moneymaker and innovator. We led the rest of the corporation. I could write a book. FIOS is a great system, when it's maintained properly. Resistant to lightning is why it's number one in Florida. Only the ONT's are susceptible. Maybe making the case out of aluminum and grounding them would take care of blown ONT's. Who knows what's next in network infrastructure. There is a lot of fiber being buried around Tampa at this time. Is Spectrum digging in to take over? Or, maybe we are seeing Duke Energy/Teco or Google fiber coming around. We just have to wait and see. Or, maybe someone will leak some documents on the current subject. ;)

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Post ID: @119PJfA7-Lbvt

Both could actually happen. Now who’s dumb? I just love all the financial and business guru’s on these boards who have probably never even taken a basic economics or business class.

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Post ID: @119PJfA7-7ggg

Definition of conspiracy theory Merriam-Webster

: a theory that explains an event or set of circumstances as the result of a secret plot by usually powerful conspirators

I understand completely what conspiracy theory means. You don't seem to understand the context of my post which WAS: Allen NOC moving to Florida, OR Florida being sold. You can't have it both ways. So pick your theory (or rumor if you like that word better) and stand your ground and explain why you think either of these possibilities are true. Without facts - you're just clucking like a bunch of chickens. And I already told you why I'm here. So my coworkers and I can read your dumb posts and laugh at you!!

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Post ID: @119PJfA7-7ibr

Someone may want to look up the origins of the phrase “conspiracy theory”. You might be surprised.

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Post ID: @119PJfA7-5tqr

If you don’t wanna hear the rumors, why visit the rumor website?

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Post ID: @119PJfA7-5bnb

So which is it? "ALLEN NOC MOVING TO FLORIDA"or "Selling FL might be part of "restructuring" or chapter 11"?? You people are so entertaining! You can't even agree on your conspiracy theories.

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Post ID: @119PJfA7-5agd

California is a hard one! The local union and managers have been lied too for years thinking California was a money maker. California is a total DEBT maker considering total operational cost. Many of the yards have been sold and they have sent crews scattered across the footprint. I would think because the FIOS is not regulated by the PUC it could be sold for the fiber layout for 5G deployment. On the other hand the copper would need a skeleton crew to operate its few accounts left.

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Post ID: @119PJfA7-3qto

17b debt restructuring sounds like a whole mess of layoffs too.

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Post ID: @119PJfA7-2lck

Who buys California, CenturyLink or AT&T??

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Post ID: @119PJfA7-1wpd

You are right They need to lay-off as many FL managers as possible. Especially the spineless do nothing GTE and VZ holdovers that are still taking up space. They contribute next to nothing to FL’s bottom line. You could replace them all with moon rocks and nobody would notice.

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Post ID: @119PJfA7-1gbf

Restructuring means #### loads of managers are going to get laid off. You just wait and see.

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Post ID: @119PJfA7-yqk

Cletus your drinking the kool aid. Your a “steward”, you sit and speak only when spoken too. I doubt you have any real information on what the company wants. I’m sure you are another self appointed steward that hasn’t even been voted in. Keep strong pal. One sip of the kool aid at a time.

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Post ID: @119PJfA7-byg

Anon: Makes sense to me

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Post ID: @119PJfA7-hqs

With “Allen NOC” moving to Florida the new strategy must be to keep Eastern Footprint of FTR. With the North West sold, rumor is California, Nevada, Arizona and Texas are next to be sold. That would ultimately be following the Foot Steps of Verizon and keep it “East Coast Only”.

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Post ID: @119PJfA7-xhy

There is no truth to that statement. I am a union steward and can honestly say that management wants a new contract with IBEW. Frontier would never sell Florida because of the sheer amount of money we produce. So far, they are agreeing to all of our demands. Be union strong!

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Post ID: @119PJfA7-elo

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