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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Leaning Left15Leaning Right9Center35Last UpdatedBias Distribution59% Center