Verizon Acquires Ripple Fiber Customers and Certain Network Assets

Bain Capital and Tillman Global Holdings Invest $1.5 Billion in Eaton Fiber

July 29, 2026

Infrastructure

Bain Capital and Tillman Global Holdings announced a $1.5 billion investment in Eaton Fiber to fund its network expansion and the acquisition of Ripple Fiber. The investment provides long-term capital to support Eaton Fiber’s plans to extend Verizon fiber broadband to more than one million locations beyond Verizon’s existing footprint.

Eaton Fiber Acquires Ripple Fiber

July 29, 2026

Telecommunications

Eaton Fiber entered into a definitive agreement to acquire Ripple Fiber as the first step in its buy-and-build strategy. The acquisition expands Eaton Fiber’s operating platform and supports the deployment of Verizon fiber broadband to more locations outside Verizon’s current footprint; the transaction was completed in October 2026.

Vero Fiber Networks Finalizes Acquisition of Velocity Fiber

July 2, 2026

Telecommunications

Vero Fiber Networks has finalized its acquisition of Velocity Fiber, a fiber provider focused exclusively on the K-12 E-Rate market across four states. The deal is intended to expand Vero’s K-12 network footprint and customer base while integrating Velocity Fiber’s private fiber infrastructure into Vero’s operating framework with no disruption to existing customers.

Ripple Fiber Acquires BridgeNET Fiber to Expand Statesville, North Carolina Footprint

June 10, 2025

Telecommunications

Ripple Fiber, a Charlotte-based fiber network operator, has acquired BridgeNET Fiber of Statesville, North Carolina, with the deal closing June 4, 2025. The transaction brings BridgeNET's team and assets into Ripple Fiber and supports a projected expansion to 18,000 passings in Statesville, accelerating local fiber deployment and expanding Ripple Fiber's North Carolina presence.

Verizon to Acquire Frontier Communications in $20 Billion All-Cash Deal

September 5, 2024

Telecommunications

Verizon Communications has entered into a definitive agreement to acquire Frontier Communications Parent, Inc. in an all-cash transaction valued at approximately $20 billion ($38.50 per share). The deal is intended to expand Verizon’s fiber footprint and integrate Frontier’s fiber network into Verizon’s Fios platform, with an expected closing in about 18 months subject to approvals.

Verizon Acquires Certain Assets of Bluegrass Cellular

October 19, 2020

Telecommunications

Verizon Communications has signed an agreement to acquire certain assets of Bluegrass Cellular, a rural wireless operator serving central Kentucky with roughly 210,000 customers across 34 counties. The transaction—subject to FCC approval—is intended to expand Verizon's footprint in Kentucky and will transition Bluegrass customers and employees to Verizon; closing was expected late 2020 or early 2021.