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Verizon looks to expand Fios with $20 billion purchase of Frontier

The deal is expected to close in around 18 months.

By Jess Weatherbed, a news writer focused on creative industries, computing, and internet culture. Verizon has entered an agreement to acquire the fiber internet provider Frontier in an all-cash deal valued at $20 billion. As we said yesterday, this is an opportune moment for Verizon to get back into the fiber internet business followin gAT&T’s own expansion and T-Mobile’s bid to acquire Metronet.

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