US Assets and Canadian Telcos at multi-year lowsMy thoughts on the US assets without going into depth on location and how much of the wireline is newer fibre optics is that there continues to be US transactions that support a higher valuations than the average telco trades at. With the ziply transaction announced and earlier this year froniter communications it isn't just regional players being acquired. In the past decade there continue to be consolidation, with transactions anywhere between 8-16 EBITDA/ EV. Far above what CCA USA assets is valued at. The Ohio assets with the decrease in revenue didn't help but nobody is going to time every acquistion and achieve perfect synergy on every transaction.
In Canada it is unlikely with 5 larger players left that anyone will be allowed to be purchased in whole. However even factoring a bigger discount then there should be in a controlling family and a holding company in CGO the discount is significant from the other telecoms which have their own difficulties and costly acquisitions.
I am doubtful of any sale of assets just that at some point in time the discount in valuation for CCA will be reduced.