With investors hungry for yield, should they jump into the very high 9.0% yield on Frontier Communications (FTR)? The answer might surprise you, considering the past of this long-suffering sector.
Having been an analyst in the telecommunications industry for 15 years, industry names such as Frontier, that focused on the wireline business, don't conjure up much excitement. Most wrote off those companies for the trash heap years ago.
A surprising thing happened on the way to total annihilation: the companies have been able to maintain a considerable amount of the wireline base while also dramatically reducing costs.
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