Verizon Communications to Acquire Frontier Communications Parent in $20 Billion Deal
September 5, 2024
Verizon Communications entered into a definitive all-cash agreement to acquire Frontier Communications Parent for approximately $20 billion. The deal is designed to expand Verizon’s fiber footprint and integrate Frontier’s fiber network (including Fios-compatible services) to grow premium broadband and mobility offerings.
- Buyers
- Verizon Communications Inc.
- Targets
- Frontier Communications Parent, Inc.
- Industry
- Telecommunications
- Location
- Texas, United States
- Transaction Type
- Buyout
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