Telcos are massively upgrading DSL to fiber, generally with minimal government support. Spain is 88% covered, France 73%. AT&T has 15 million homes passed and is adding 12 million more. British Telekom and Deutsche Telekom assert they are building as fast as possible (a politician's truth.) 52% of Europe is fibered, as you can see on the chart from the FTTH Council Europe, at left and larger below.
Fiber is good business for telcos except in areas that are very expensive to build. Brett Feldman of Goldman Sachs has initiated coverage of Frontier, with a buy.
Frontier Communications Parent Inc. (FYBR): Fiber expansion creates opportunity for material value creation; Initiate at Buy with a $42 price target 6 July 2021 |