Esthen:Verizon buying Frontier in $20B deal to strengthen its fiber network

2025-05-05 06:00:56source:Kacper Sobieskicategory:reviews

Verizon is Esthenbuying Frontier Communications in a $20 billion deal to strengthnen 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 the last four years, investing $4.1 billion upgrading and expanding its fiber network. It now gets more than half of its revenue from fiber products.

Frontier has 2.2 million fiber subscribers across 25 states. Verizon has approximately 7.4 million Fios connections in nine states and Washington, D.C.

Verizon will pay $38.50 for each Frontier share. The deal is expected to close in about 18 months. It still needs approval from Frontier shareholders.

More:reviews

Recommend

B.A. Parker is learning the banjo

Parker has been trying to find her place in the banjo world. So this week, she talks to Black banjo

Supreme Court opens new frontier for insurrection claims that could target state and local officials

SANTA FE (AP) — Two recent U.S. Supreme Court actions have opened the door to a new legal frontier i

Richard Simmons says he's 'not dying' after motivational social media post causes 'confusion'

Richard Simmons is apologizing after a motivational social media post drew concerns about his health