FFB Episode 24 - Frontier The Alchemy Of Turning Copper Into Gold

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?