Verizon is Databecbuying 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.
2025-05-07 21:582073 view
2025-05-07 21:551119 view
2025-05-07 21:411978 view
2025-05-07 21:311833 view
2025-05-07 21:171637 view
2025-05-07 20:512519 view
The AP Top 25 college football pollis back every week throughout the season!Get the poll delivered s
SEATTLE (AP) — The U.S. and Canada said Thursday they have agreed to update a six-decade-old treaty
If it sounds too good to be true, it probably is. Who hasn’t heard that a few hundred times? When an