Pins matching tag:Frontier

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.

The FCC approved Verizon's $20 billion Frontier purchase after Verizon committed to ending its DEI practices, with Chairman Brendan Carr citing fiber builds of 1 million or more homes a year and commitments to tower crews.

California's utilities regulator approved the transfer of Frontier's California operations to Verizon with enforceable conditions, including $500 million in small-business spending, the final regulatory approval before the deal closed five days later.

Verizon closed its $20 billion purchase of Frontier Communications, making it a wholly owned subsidiary and extending Verizon's fiber reach to almost 30 million passings across 31 states and DC.

Verizon added 616,000 postpaid phones in the fourth quarter of 2025, its best quarter since 2019, met its 2025 guidance and set a 2026 outlook of adjusted EPS of $4.90 to $4.95.

Verizon posted its first positive first-quarter postpaid phone net additions since 2013, a record $13.4 billion of adjusted EBITDA, and raised its 2026 adjusted EPS guidance.