Verizon to Acquire Frontier Communications
September 5, 2024
Verizon Communications Inc. agreed to acquire Frontier Communications Parent, Inc. in an all-cash transaction valued at approximately $20 billion. The deal will expand Verizon's fiber footprint by adding Frontier's nationwide fiber network and 2.2 million fiber subscribers, enhancing Verizon's ability to deliver broadband, mobility and intelligent-edge services across more U.S. markets.
- Buyers
- Verizon Communications Inc.
- Targets
- Frontier Communications Parent, Inc.
- Sellers
- Frontier shareholders
- Industry
- Telecommunications
- Location
- Texas, United States
- Transaction Type
- Buyout
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