West Virginia agency approves Frontier restructuring plan
CHARLESTON, W.Va. (AP) — West Virginia officials have approved a plan by Frontier Communications to emerge from bankruptcy.
The West Virginia Public Service Commission issued orders last week that accepted the reorganization plan, the Parkersburg News and Sentinel reported. The plan includes promises to make capital improvements, expand broadband and meet monthly and quarterly reporting requirements.
The agency’s approval is another step toward the company’s emergence from Chapter 11 bankruptcy, Frontier spokeswoman Allison Ellis said Wednesday in a statement.
“A successful restructuring will give Frontier a fresh start, allowing the company to make investments in its network and operations to expand fiber and enhance services to West Virginia consumers and positions Frontier to continue as a competitive provider of communications services to the customers and communities we serve,” Ellis said.
Fourteen other states have also approved the company’s restructuring plan.