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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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  • 59% of the sources are Center
59% Center
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Seeking Alpha broke the news in United States on Wednesday, September 4, 2024.
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