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
Location
Texas, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.