FYBR: creating value through structural separation
We have argued that Frontier should separate Wave 3 markets into a JV with a financial partner, similar to AT&T’s Gigapower. This will accelerate the time to FCF generation, while allowing the Company to pursue attractive opportunities that would be difficult to fund otherwise. Our model suggests the structure could generate strong returns for Frontier and their partner, and it will be far more material for Frontier than Gigapower is for AT&T.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
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