Frontier Communications USD 8.50% 1-April-26 2nd Lien Notes Factsheet
Frontier Communications Inc. (Frontier) is the fourth largest Incumbent Local Exchange Carrier (ILEC) in the US by revenue, after AT&T, Verizon and CenturyLink. The firm was originally established in 1935 as Citizens Utilities Company, and after various acquisitions became a diversified operator of public utilities, providing services for telecommunications, natural gas, electricity and water in the US. In 1999, the firm started to pursue the strategy of divesting the other utility operations to become a pure play telecoms provider. In 2000, the company was renamed Citizens Communications Company, providing wireline communications services to rural areas as well as small and medium sized cities and towns across the US, mainly as an ILEC. After acquiring Frontier Corp from Global Crossing Ltd in 2001, the company rebranded the ILEC operations to “Frontier”. In 2008, the company was renamed Frontier Communications Corporation.
Note: Access to the content will require a FIIG client login