Skip to main content
Holiday Sale — Get 40% off Vantage for yourself or as a gift
Published loading...Updated

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.
Insights by Ground AI

100 Articles

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…

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 59% of the sources are Center
59% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Seeking Alpha broke the news in United States on Wednesday, September 4, 2024.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal