Topic: Chapter 11 bankruptcy
Mediation between Windstream and spinoff Uniti Group ended as both parties are too far apart on talks that are key to their respective futures.
Frontier Communications is looking to right the ship by hiring a new CEO and restructuring its $17.5 billion debt load, according to Bloomberg.
As it negotiates Chapter 11 waters, Windstream Holding's revenues were down across the board during its third quarter earnings report on Thursday.
While Windstream Holdings is continuing its battle against former spinoff Uniti Group, the company's second quarter revenue was down.
Uniti Group and Windstream Holdings are getting down to the brass tacks of resolving a lease that is crucial to both companies' fortunes.
In the latest cycle of Windstream Holdings bankruptcy proceedings, creditors asked a judge to order Windstream to stop making lease payments to Uniti.
A federal judge in the U.S. Bankruptcy Court in the Southern District of New York has ruled that Charter Communications has to pay for letters that will be sent to Windstream subscribers.
A bankruptcy judge granted Windstream a temporary restraining order against Charter Communications over an ad campaign that targeted its customers.
According to a federal lawsuit filed on Friday, Windstream Holdings is alleging that Charter Communications launched a "scare-tactic campaign" to win over its subscribers.
Windstream Holdings took the plunge into voluntary Chapter 11 bankruptcy on Monday after a legal setback earlier this month.