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").