As the big players (T and VZ) continue to divest of their landline business, FTR is picking up the pieces.
Commercial business, HSI, data backhaul, home security, and video services are being relied on to stop the revenue declines and grow the business.
WIN and CTL (the other two large companies in the landline industry) have made big plays in data, cloud, and wireless. Some see this as one of FTR's shortcomings. Time will tell to see if this is the case. I'm wondering how WIN and CTL are going to compete with the likes of T, VZ, IBM, GOOG, AMZN, Rackspace, etc. in the data/cloud arena. This is fast becoming a commodity and priced accordingly.
I have been tracking this since 2010 I am so disappointed. As as know you are. I think they finally got it figured out, however is it too little too late. Something I never brought up if the VZ deal was done right maybe we wouldn't be in this position. It also seems like she is trying to keep up with WIN's advancement into Cloud. Is now the time to do another investment in CT, 2B? If JP is ok with it, I just hope there is something more coming down the road how they will pay this all off.
JPMorgan Chase & Co. has committed financing for the acquisition and Frontier will access the debt markets in the second quarter or third quarter next year, John Jureller, chief financial officer, said in a teleconference today to discuss the the transaction with analysts and investors. The company may try to raise around $1.9 billion, he said.