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Steve , 5 hours ago Verizon didn’t like spending money on its fiber network. Cellular had better margins. So they sold much of it to Frontier. Now Frontier invested in the fiber, and is making money, so Verizon wants it back. This is an example myopic management, with no long term vision. Share price should drop, but it’ll probably go up.
Verizon didn’t like spending money on its fiber network. Cellular had better margins. So they sold much of it to Frontier.
Now Frontier invested in the fiber, and is making money, so Verizon wants it back.
This is an example myopic management, with no long term vision. Share price should drop, but it’ll probably go up.