Verizon is buying Frontier in $20B deal to strengthen its fiber network
- Verizon is acquiring Frontier Communications for $20 billion to enhance its fiber network.
- “The acquisition of Frontier is a strategic fit,” said Verizon Chairman and CEO Hans Vestberg.
- Verizon will pay $38.50 per Frontier share, with the deal expected to close in about 18 months pending shareholder approval.
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The Baltimore PostVerizon-Frontier deal: How it could impact customers
Verizon Communications Inc. on Thursday announced plans to acquire Frontier Communications in an all-cash transaction valued at $20 billion, which is expected to expand Verizon's fiber footprint nationwide. Verizon told FOX Business that this deal would effectively accelerate the company’s delivery of mobility and broadband connectivity services to current and new customers. For one, it would expand the availability of its fiber broadband to rea…
Verizon, the American telecommunications giant, will buy the operator Frontier Communications for $20 billion to increase its coverage in the United States, the two firms announced on Thursday. “This strategic purchase of the largest fiber optic internet access provider in the United States will significantly expand Verizon's fiber industry across the country,” they said in a statement. Verizon expects to gain 2.2 million fiber optic subscribers…
Verizon to buy Frontier in US$20 billion deal to boost fibre network in US
Verizon said on Thursday (Sep 5) it will buy fibre-optic internet provider Frontier Communications in an all-cash deal worth US$20 billion, as the US wireless carrier looks to grow its subscriber base.
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