Summary
- Frontier Communications has entered into an agreement to sell its assets and operations in four states for $1.352 billion.
- The move will allow Frontier furnish its upcoming debt maturities.
- But there are also a few variables involved in the deal. Investors should wait for Frontier's next earnings call to get some answers before making any investment decisions.
Frontier Communications (FTR) is making headlines again. The telecom stalwart has entered into an agreement with two investors to sell its operations and assets in four states for $1.352 billion in cash. Although this is a positive event for Frontier and its shareholders, there are a few variables attached to the deal as well. I believe investors should wait to get some answers before making any investment-related decisions. Let's take a look.
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