NORWALK, Conn.–(Business enterprise WIRE)–Frontier Communications Mother or father, Inc. (NASDAQ: FYBR) (“Frontier”), these days responded to a lawsuit submitted by the Federal Trade Fee and State officials in Arizona, California, Indiana, Michigan, North Carolina, and Wisconsin claiming that Frontier designed materials misrepresentations to customers in descriptions of its digital subscriber line (“DSL”) Internet providers.
Frontier thinks the lawsuit is with out advantage. The plaintiffs’ grievance contains baseless allegations, overstates any possible monetary harm to Frontier’s customers and disregards essential specifics including the following:
- Frontier gives World-wide-web provider in some of the country’s most rural parts that frequently have tough terrain, are far more sparsely populated and are the most tough to provide.
- Frontier’s rural DSL Internet services was enthusiastically welcomed when it was released and has retained lots of glad customers about the a long time.
- Frontier’s DSL Online speeds have been obviously and correctly articulated, described and described in the Company’s advertising and marketing supplies and disclosures.
Frontier will present a vigorous defense.
About Frontier Communications
Frontier Communications Mum or dad, Inc. (NASDAQ: FYBR) provides a variety of expert services to residential and small business buyers about its fiber-optic and copper networks in 25 states, which includes online video, large-pace web, innovative voice, and Frontier Secure® electronic safety options. Frontier Business™ features communications alternatives to small, medium, and company corporations.
Forward-On the lookout Statements
This presentation is made up of “forward-hunting statements,” linked to long run gatherings. Ahead-on the lookout statements deal with Frontier’s predicted future organization, economic effectiveness, and money affliction, and comprise words this kind of as “assume,” “anticipate,” “intend,” “system,” “believe that,” “search for,” “see,” “may,” “will,” “would,” or “concentrate on.” Forward-on the lookout statements by their nature handle issues that are, to various levels, uncertain. Uncertainties that could lead to our precise final results to be materially distinct than all those expressed in our ahead-searching statements consist of, but are not constrained to: our ability to comprehend the expected gains of the financial restructuring of our existing credit card debt, current fairness passions and specific other obligations pursuant to the Fifth Amended Joint Plan of Reorganization of Frontier Communications Company and Its Debtor Affiliate marketers Pursuant to Chapter 11 of the Bankruptcy Code our capacity to comply with the limits imposed by covenants in our funding declines in revenue from our voice products and services, switched and nonswitched obtain and video clip and information services that we can not stabilize or offset with will increase in revenue from other solutions and providers our potential to successfully put into practice strategic initiatives, which includes options to enrich profits and notice efficiency enhancements our capability to proficiently handle our functions, operating expenses, cash expenses, financial debt service requirement and money paid out for income taxes and liquidity competitors from cable, wireless and wireline carriers, satellite, and more than the top providers, and the possibility that we will not answer on a timely or financially rewarding basis our capability to properly change to improvements in the communications market, including the consequences of technological adjustments and levels of competition on our money expenses, products and service choices dangers related to disruption in our networks, infrastructure and facts technological know-how that final result in client loss and/or incurrence of added fees the influence of likely info technology or information protection breaches or other cyber-attacks or other disruptions our capability to retain or appeal to new prospects and to keep associations with consumers, employees or suppliers our capability to protected, carry on to use or renew intellectual home and other licenses made use of in our company variations to our board of directors and administration team upon emergence from bankruptcy or in anticipation of emergence, and our capability to hire or retain essential personnel our ability to dispose of specified assets or asset teams on terms that are beautiful to us, or at all the outcomes of modifications in the availability of federal and condition universal services funding or other subsidies to us and our opponents and our means to obtain foreseeable future subsidies, such as participation in the proposed RDOF program our capability to meet our CAF II obligations and the risk of penalties or obligations to return certain CAF II money our skill to defend versus litigation and possibly unfavorable results from latest pending and upcoming litigation our capability to comply with relevant federal and point out customer safety demands the outcomes of state regulatory specifications that could limit our capacity to transfer cash amid our subsidiaries or dividend resources up to the father or mother organization the outcomes of governmental laws and regulation on our company, including prices, disruptions, possible constraints on working versatility and modifications to the aggressive landscape ensuing from these laws or regulation the affect of regulatory, investigative and legal proceedings and lawful compliance pitfalls govt infrastructure assignments (these types of as freeway development) that impression our cash expenses ongoing reductions in switched obtain revenues as a end result of regulation, competitors or technologies substitutions our capacity to successfully manage provider excellent in the states in which we operate and meet mandated support quality metrics the results of alterations in earnings tax costs, tax laws, restrictions or rulings, or federal or condition tax assessments, like the possibility that these variations could profit our competitors additional than us, as perfectly as opportunity long term decreases in the worth of our deferred tax assets the consequences of variations in accounting procedures or procedures, such as likely potential impairment rates with regard to our intangible assets or added losses on property held for sale the outcomes of enhanced healthcare fees and pension and postemployment fees our capacity to correctly renegotiate union contracts modifications in pension plan assumptions, interest costs, price cut charges, regulatory principles and/or the benefit of our pension program belongings, which could involve us to make amplified contributions to the pension program in 2020 and past adverse modifications in economic, political and market problems in the areas that we provide, the U.S. and globally, together with but not limited to, improvements ensuing from epidemics, pandemics and outbreaks of contagious health conditions, like the COVID-19 pandemic, or other adverse public overall health developments likely adverse impacts of the COVID-19 pandemic on our enterprise and operations, including potential disruptions to the get the job done of our personnel arising from health and basic safety measures these as social distancing and working remotely, our capability to successfully take care of increased desire on our network, our capacity to maintain interactions with our present-day or future prospects and sellers as properly as their talents to perform under present-day or proposed arrangements with us, and strain on our provide chain the investing value and volatility of our prevalent inventory and the hazards and other aspects contained in Frontier’s filings with the U.S. Securities and Trade Fee, together with our most modern report on Variety 10-K. These dangers and uncertainties may perhaps trigger true long run success to be materially different than those people expressed in these kinds of forward-searching statements. Frontier has no obligation to update or revise these ahead-seeking statements and does not undertake to do so.