Business, Finance & Tech

Verizon to Acquire Frontier Communications in $20 Billion Deal to Strengthen Broadband Services

Name: Verizon to Acquire Frontier Communications in $20 Billion Deal to Strengthen Broadband Services
Uploaded: 2024-09-06T10:33:00-07:00
Channel: NBC Palm Springs
Description: Verizon is set to acquire Frontier Communications for $20 billion, reclaiming network infrastructure in three states sold nearly a decade ago. The deal, aimed at bolstering Verizon's position in the broadband market, is pending shareholder and regulatory approval and is expected to close in about 18 months.

By: NBC Palm Springs

September 6, 2024

VerizonFrontier Communications20 billion acquisitionbroadband industryATT competitionnetwork infrastructurechapter 11 bankruptcyshareholder approvalregulatory approvaltelecommunications deal

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