No one wants our failing fiber "business"
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And what did you expect from this business model of depending on the big 3 to hand you $$$ to build them small cells. Tower is not far behind. Big boys close their wallets and there will be another 50 percent of freeloaders going.
They're canceling small cells because the business model didn't work. We don't get enough colos for the assumed ROI in many cases, in one region they just bid them all horribly and would lose money, and to top it off one of our customers doesn't have the capital to invest in them and we took the opportunity to get out of a horrible volume contract that never should have been signed.
Small cell doesn't fit with the fiber model we aren't selling them both together, no one needs that
4gqp+1uivlXqN Then why are they canceling as many small cell nodes as they can? Plus we don’t have any nodes outside of 2026 at this point.
Crowns Small Cell & Fiber Revenue combined is roughly 2B not sure why private equity would pay a premium for Crown when Frontier has triple the amount of revenue and double the route miles of fiber.
It’s probably going to be a PE that also wants Small Cell, so it will still be a lot more than $7B
Yeah hence why they haven’t announced anything yet. They can’t sell it without a loss.
Vz bought Frontier yesterday for its fiber business @ 3.5x revenue. So if apply that multiple to Crown fiber you're looking at 7B its not even close to what the investors want or expect
Leadership cornered us into a sale of fiber one way or another by basically broadcasting to the world it was going to be sold. Even if it is already decided what is going to happen and who is going to buy … it takes time for financing to get worked out.
I bet its just a few more months of fiber living in the backwards slow Crown towers swamp. Then fiber has its work cut out trying to make up for not being able to make any real improvements to the business for almost 10 years…
Hum, in 2024there were 334 merger and acquisition transaction in the US. valued at more than a billion. One of them being Cisco systems $28 billion acquisition of Splunk in March.
That’s not how things work. Notice how there hasn’t been really any major acquisition announcements in any industry over the past year or so. An acquisition this large will continue to be delayed until rates fed come down, being everyone knows they’re on the horizon.
I am starting to think the same. You cannot get on earnings call and say you have great assets yet 9 months later you can’t sell them.