New York Public Service Commission approves Frontier's Chapter 11 plan

Frontier Communications has secured approval for its Chapter 11 restructuring plan from the New York Public Service Commission. With New York checked off, Frontier said it has received regulatory approval, or "favorable determination," from 10 of the 25 states in its footprint. Those states include: Arizona, Georgia, Illinois, Minnesota, Nebraska, Nevada, New York, South Carolina, Utah and Virginia. Frontier is targeting early 2021 to exit from Chapter 11 bankruptcy.