Verizon is in advanced talks to acquire Frontier Communications in an all-cash deal.

Verizon Communications Inc. is in advanced talks to acquire Frontier Communications Parent Inc. in an all-cash deal, potentially announced soon. Frontier, the largest pure-play fiber internet provider in the U.S., serves 2.9 million customers across 25 states. This acquisition would enhance Verizon's fiber network and competitiveness against rivals. Following the news, Frontier's stock rose significantly, while Verizon's shares fell. Both companies have not yet commented officially.

September 04, 2024
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