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The Norwalk company filed for Chapter 11 last week, at the end of which its shares were trading at 22 cents, compared with $2.69 on April 17, 2019.
The Norwalk company lists total debt of $21.9 billion against assets of $17.4 billion. It plans on using the Chapter 11 filing to “generate sufficient liquidity from the restructuring to meet our obligations and operating needs.”
The agencies noted the receipt of more than 1,000 consumer complaints about Frontier since June 2015.
Nearby residents' objections to the proposed Life Time fitness center, which has been on the boards for over two years, revolve around traffic and noise.
The Norwalk firm -- which has 3.73 million broadband internet subscribers and 838,000 pay television subscribers in the U.S. -- carries a debt load of about $17.5 billion.
The Norwalk company is partnering with call authentication technology provider Neustar on its new efforts.
Han was previously executive vice president of strategic planning at DISH Network.
The new service combines hosted and managed technology that can be scaled as business needs expand.
The assets are being acquired by private investment firms WaveDivision Capital LLC and Searchlight Capital Partners LLC.
IBM led the way in Westchester, while Charter Communications was the top-ranked firm in Fairfield County.
"We have substantial work ahead,” said the Norwalk firm’s president and CEO Dan McCarthy.
The city's zoning board has approved an amendment regarding the High Ridge Park building, which has been vacant since Frontier Communications moved to Norwalk in 2015.