Frontier Communications: Time to Move On?
Sometimes, seemingly good ideas fail.
That's what happened with Frontier Communications' (NASDAQ: FTR) decision to spend $10.54 billion buying Verizon's (NYSE: VZ) former wireline business in California, Texas, and Florida (CTF). That move made sense when it happened.
It was a bold attempt to lower costs per customer by allowing the company to spread expenses over more subscribers. Basically, the Verizon deal was Frontier's attempt to go from the minor leagues to the majors, and it turned out to be a mistake.
Source: Fool.com
Verizon Communications Inc. Stock
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As a result the target price of 43 € shows a slightly positive potential of 5.19% compared to the current price of 40.88 € for Verizon Communications Inc..
