In this episode of Fiber for Breakfast, we speak with Spencer Kurn, Partner, New Street Research.

Frontier will transform itself from broken ILEC into a fiber-based infrastructure asset over the course of the next several years. As they do so, they will return to growing revenues with expanding margins and, following a period of investment, rapidly growing FCF. This will give the equity a claim to a much higher multiple and drive potential upside of 4-10x!

Where is the hidden value within Frontier?

Why have fiber upgrades become more attractive in recent years?

How can other companies benefit from Frontier’s approach?