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.
Location
Texas, United States
Transaction Type
Buyout

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