They moved their HQ to Dallas last year and are being pursued by AT&T, t-
Mobile and Verizon.
Here we go again!
17 replies (most recent on top)
Nobody said you couldn’t, it’s a free market so go for it. An M&A is predicated on a few customers wishes or preference.
Frontier fiber network is very, very good. They have done a tremendous job of building, selling, and maintaining it. Ask anyone, they'll tell you.
Having said that, I will move to T-Mobile home internet if Frontier sells out to AT&T.
How you worded wireline, I’m assuming you are talking only about copper, even though fiber is wireline too. It’s just a transition to not so new tech now which, is fiber as the medium and it’s associated equipment for many reasons. Speed, price, capacity, maintenance, etc…
Frontier is bringing in an advisor to determine their options but for now it appears they won’t sell until an analysis is complete. They have been in the process of installing fiber to pass 10 million locations and possibly a lot more. Currently they have approximately 2.6 or 2.9 million fiber customers. There is a lot of potential upside and the selling price right now is too cheap.
This will be a Reverse Morris Trust transaction, AT&T will receive $5B Cash from Frontier in exchange for all local RBOC and copper. Frontier will also assume employees and pension commitments for 23,000 technicians and management. Older AT&T managers will be incentivized to take leadership roles in the NEW combined entity. The new entity will assume all dept and liabilities related to lead cable. AT&T will emerge a leaner fiber and 5G mobile company. Existing AT&T shareholders will receive shares in the newly formed company and the existing T stock will initially decline, but then skyrocket without the burden of wireline dept or liability.
We don't need Fiber. Donovan told me software defined networks (SDN) and Domain 2.0 and AIC takes care of it all.
Buy them for their rural poles? Pretty sure companies prefer to bury fiber cable when possible.
"Okay, thought outside the box. You need to have poles to hang fiber. They have a lot of poles."
All the poles in Connecticut were given to the electric companies way back. Frontier owns no poles in that state, as AT&T didn't pre-sale.
If it’s an entertainment company, T is all over that!
yeah more office space!
Because Stanley needs more Fiber!
Here we goooooo!
T is already asking how much?
- “Why would Verizon buy back the neglected rural copper network they sold to Frontier (Consolidated now, BTW) like 15 years ago? And why would we be interested in buying the broken down neglected old copper network? Scratch that last question, I know the answer to that…”
Someone told Stankey ChatGPT can magically turn the copper into fiber and he sees an opportunity to cut costs.
There goes another few billion on a bad acquisition I guess.
Why would Verizon buy back the neglected rural copper network they sold to Frontier (Consolidated now, BTW) like 15 years ago?
And why would we be interested in buying the broken down neglected old copper network?
Scratch that last question, I know the answer to that…
https://fox2now.com/news/real-estate/former-att-tower-up-for-auction-starting-at-2-5m/
https://www.datacenterdynamics.com/en/news/att-cold-war-data-center-up-for-auction-outside-chicago-illinois/
This will be a good source of increased local talent in Dallas to replace legacy employees unwilling to move. #DallasBound24
Apollo Global Management