Better Buy: CenturyLink vs. Frontier Communications
With the wide adoption of technologies like voice communications over the internet and high-speed broadband connections, telecommunication providers CenturyLink (NYSE: CTL) and Frontier Communications (NASDAQ: FTR) are both facing the secular decline of their legacy businesses.
As a result, both companies are developing fiber assets to adapt to their markets. And during this transition, they must also deal with a significant debt load. Yet despite their similarities, CenturyLink seems to be a much safer investment than Frontier Communications.
Given the secular decline of its legacy voice and low-speed broadband businesses, CenturyLink's third-quarter revenue dropped to $5.6 billion, down 3.6% year over year. The company's fiber business isn't large enough yet to reverse the downward trend of its top line.
Source Fool.com
