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

September 5, 2024

Verizon Communications Inc. has entered into a definitive agreement to acquire Frontier Communications Parent, Inc. in an all-cash transaction valued at approximately $20 billion. The deal is expected to expand Verizon’s fiber footprint nationwide and integrate Frontier’s fiber network into Verizon’s Fios and broader fiber/wireless portfolio.

Buyers
Verizon Communications Inc.
Targets
Frontier Communications Parent, Inc.
Sellers
Frontier Communications Parent, Inc. shareholders (Frontier’s shareholders to receive cash consideration)
Location
Texas, United States
Transaction Type
Buyout

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