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FYBR - Frontier Communications: Recent Sell-Off Could Be A Buying Opportunity
Frontier Communications Parent Inc.
2023-05-24 01:15:44 ET
Summary
Management announced that CapEx could rise $200-$400 million above previous guidance on increasing costs for their fiber buildout.
FYBR should see EBITDA begin to grow significantly in the second half of 2023 and into 2024.
CapEx spending will remain elevated as FYBR completes their 10 million passing fiber build but could fall by roughly half in future years, which should generate significant FCF.