Dividend StabilityA dividend cut may be required if a full divestiture of the fiber business occurs, raising concerns about future dividend stability.
Financial PerformanceThe reported valuation of $8-10B for the fiber and small cell business is driving shares lower, as the market was expecting a higher valuation.
Market SentimentRecent press reports indicated disappointment among investors with the potential valuation of the fiber business as it is at the lower end of the expected EBITDA multiple range.