Frontier Expects to Exit Chapter 11 April 30

Frontier expects to emerge from bankruptcy April 30 (see 2103250059), the company announced Friday. It's forming a new eight-member board (see personals section for board members). The telco has "stabilized its business and recapitalized its balance sheet, while making significant progress on the early stages of implementing our initial fiber expansion plan,” said incoming Executive Chairman John Stratton. The company will hold a call April 30 at 10 a.m. EDT. Communications Workers of America, which represents 8,000 Frontier employees, said in a statement it intends to "hold the company accountable to commitments that the union secured on jobs and improved service for customers."