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(Reuters) -Verizon said on Thursday it will buy fiber-optic internet provider Frontier Communications in an all-cash deal worth $20 billion, as the U.S. wireless carrier looks to grow its ...
Verizon is buying Frontier Communications in a $20 billion deal to strengthen its fiber network. Verizon Communications Inc. said Thursday that the acquisition will also shore up its foray into ...
Verizon is buying Frontier Communications in a $20 billion deal to strengthen its fiber network. Verizon Communications Inc. said Thursday that the transaction will also help it in the areas of artificial intelligence and the Internet of Things. Frontier has concentrated heavily on its fiber network capabilities over about four years, investing ...
Under the terms of the agreement, Verizon proposes to acquire Frontier for $38.50 per share in cash, representing a premium of 43.7% to Frontier’s 90-day volume-weighted average share price on ...
Verizon Fios is a bundled Internet access, telephone, and television service provided by Verizon Communications that operates over a fiber optical network within the United States. History [ edit ]
As a result, GTE Northwest was renamed Verizon Northwest, Inc. It continued to provide local telephone service to former GTE regions and some ConTel regions in Idaho, Washington and Oregon. In July 2010, Verizon Northwest, along with other Verizon wireline operations predominately in the western U.S., were acquired by Frontier Communications .
Frontier Fiber (formerly known as Frontier FiOS) is a bundled Internet access, telephone, and (until 2021) television service provided by Frontier Communications that operates over a fiber-optic network within the United States.
Glendon Capital Management, which owns nearly 10% of Frontier, believes Verizon's $38.50 per share offer is too low, the people said. The investor plans to vote against it when the deal comes up ...