New Street Research - FRONTIER COMMUNICATIONS PARENT INC (FYBR) FYBR Quick Hit: Frontier in discussions for a potential JV with Stonepeak

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New Street Research

Vikash Harlalka

FYBR Quick Hit: Frontier in discussions for a potential JV with Stonepeak

Press reports indicate that Frontier is in discussions with Stonepeak, a private equity firm, for a potential joint venture to deploy fiber. Press reports also mention that the JV will need initial funding between $500MM and $1BN. While there is no mention of the number of locations that the JV plans to deploy fiber to, in our report we had assumed that the JV deploys fiber to 3MM locations.

03/07/2024 1 EN

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FRONTIER COMMUNICATIONS PARENT INC

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US35909D1090

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New Street Research

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.

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Pan European Telecom Services and Cable

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Analysts

Vikash Harlalka

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FYBR Quick Hit: Frontier in discussions for a potential JV with Stonepeak

Frontier Model Update

1Q24 Wireless Trends

AI Stocks: 360° health check after the June Rally: Downgrading Nvidia, maintain buy on others.

Japanese Telcos Q4 FY23 review: Diverging mobile

Feedback from call with Orange IR on French pricing - back book increases might offset front book changes Orange (Buy, TP: €14, +51%) Altice France - Most Preferred Iliad - Equal Weight

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