July 1, 2019

Frontier Adopts Shareholder Rights Plan to Protect the Availability of its Net Operating Losses

NORWALK, Conn.–(BUSINESS WIRE)–Frontier Communications Corporation (“Frontier”) (NASDAQ: FTR) announced today that its Board of Directors adopted a shareholder rights plan designed to protect the availability of Frontier’s net operating loss carryforwards (“NOLs”) under the Internal Revenue Code (“Section 382 Rights Plan”). As of December 31, 2018, Frontier had U.S. federal NOLs of approximately $2.4 billion available to offset its future federal taxable income. Frontier’s ability to use thes

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