Search results
Results from the WOW.Com Content Network
The company has agreed to acquire Frontier Communications, the country's largest pure-play fiber provider, for $20 billion to expand its fiber optics footprint. Post-acquisition close, Verizon ...
In particular, Verizon will acquire Frontier for $38.50 per share in cash, a 43.7% premium over Frontier’s 90-day volume-weighted average share price (VWAP) as of September 3, 2024.
FILE - A Verizon retail location is shown in Willow Grove, Pa., Thursday, Feb. 22, 2024. Verizon is buying Frontier Communications in a $20 billion deal that helps bolster its fiber network.
The acquisition of Frontier is consistent with Verizon’s core strategy of growing and strengthening customer relationships. This transaction is expected to expand Verizon’s share of the nationwide broadband market, building upon Verizon’s two decades of leadership at the forefront of fiber. Substantial Financial Benefits: Accretive to ...
Verizon has approximately 7.4 million Fios connections in nine states and Washington, D.C. Frontier has 7.2 million fiber locations and has planst to build out an additional 2.8 million fiber locations by the end of 2026. “The acquisition of Frontier is a strategic fit," Verizon Chairman and CEO Hans Vestberg said in a prepared statement.
Frontier Communications owns local telephone operating companies consisting of companies it has owned under its previous name Citizens Communications Company, companies it acquired from Global Crossing, and companies it acquired from Verizon Communications which are grouped under its subsidiary Frontier Communications ILEC Holdings. The ...
Verizon has offered $38.50 per share, representing a premium of 37.3% to the closing stock price of Frontier on Sept. 3, a day before reports of a potential acquisition first emerged. Frontier had ...
Altice (Cablevision, [3] Lightpath, [4] and Suddenlink Communications) [5] Cable One Sparklight [6] Cincinnati Bell (acquired Hawaiian Telcom) Consolidated Communications (acquired FairPoint Communications [7]) Crown Castle International Corp. (acquiring Lightower) [8] Frontier Communications [9] Granite Telecommunications [10]