Better Buy: Frontier Communications Corporation vs. Sprint

Better Buy: Frontier Communications Corporation vs. Sprint

Neither Frontier Communications (NASDAQ: FTR) nor Sprint (NYSE: S) has had a particularly good 2017 so far. 

The cable and internet company spent $10.54 billion buying Verizon's wireline business in California, Texas, and Florida (CTF). On paper, that move made sense. It gave the company the scale it needed to operate more efficiently. In reality, the deal turned out to be a disaster because Frontier couldn't hold on to the 3.3 million voice connections, 2.1 million broadband connections, and 1.2 million cable subscribers it paid so dearly for.

Sprint's path hasn't been quite that rocky, but the company has faced its share of problems. It has steadily lost money and failed to partner or merge with Comcast (NASDAQ: CMCSA) or Charter Communications (NASDAQ: CHTR) after extended negotiations. In addition, the No. 4 wireless carrier tried for a second time to merge with T-Mobile (NASDAQ: TMUS) and failed over governance issues.

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Source: Fool.com