On December 4, 2023, Jana Partners LLC announced that it is pushing Frontier Communications Parent, Inc. to initiate a strategic review, including a potential sale of the Company, arguing that its shares will continue to lag unless corrective action is taken. Jana Partners in the letter stated that the Company's board should evaluate a possible sale of the Company, a strategic partnership or joint venture, and selling off some non- core assets to speed up the Company's transition to a pure-play fiber provider.