Verizon Agrees to Buy Frontier for $20 Billion
CONFIRMED89% CONFIDENCEVerizon's[1] release is dated "September 5, 2024" and says the two companies "today announced they have entered into a definitive agreement"; the page was published 10:00Z, ahead of the 8:00 AM ET investor call it announces.
Verizon agreed to buy Frontier Communications, the largest pure-play US fiber provider, in an all-cash deal valued at $20 billion ($38.50 a share), adding 2.2 million fiber subscribers and reach to 25 million premises across 31 states and DC.
$20B
1.00