Verizon To Acquire Frontier Communications in $20 Billion Deal

Verizon Communications Inc. has announced its intention to acquire Frontier Communications Parent Inc. in a $20 billion all-cash transaction, and the agreement is “definitive.” This strategic move’s goal is to further expand Verizon’s fiber network capabilities and extend its reach to 25 million premises across 31 states and Washington, D.C. The acquisition is valued at $38.50 per share.
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