On February 05, 2024, Frontier Communications announced that it would undergo a strategic review that could potentially lead to a sale, merger, or disposal of assets. The Company also announced the appointment of Woody Young to its board. The strategic review comes after activist Jana Partners called for an immediate strategic review and possible sale of the company.

In October, Jana said it believes that the Company's depressed valuation and strong position in the fiber broadband sector would make it attractive to wireless carriers and private-equity-owned assets in the sector.