A Frontier-Stonepeak JV could be worth $7.5B – analyst

The value of a fiber-focused joint venture between Frontier Communications and Stonepeak could eventually surge to about $7.5 billion, according to the latest estimates from New Street Research.

Bloomberg reported last week that Frontier is in talks with Stonepeak to form a JV focused on fiber network investments, with the proposed JV possibly supplying a capital injection of $500 million to $1 billion. Frontier has not commented on the report, but the telco has moved ahead with a strategic review that could result in potential partnerships, JVs, divestitures and/or mergers. Read more here.