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Verizon To Buy Frontier For $9.6 Billion, Says It Will Expand Fiber Network
An anonymous reader quotes a report from Ars Technica: Verizon today announced a deal to acquire Frontier Communications, an Internet service provider with about 3 million customers in 25 states. Verizon said the all-cash transaction is valued at $20 billion. Verizon agreed to pay $9.6 billion and i...
An anonymous reader quotes a report from Ars Technica: Verizon today announced a deal to acquire Frontier Communications, an Internet service provider with about 3 million customers in 25 states. Verizon said the deal is subject to regulatory approval and a vote by Frontier shareholders and is expected to be completed in 18 months. Assuming regulatory and shareholder approval, Verizon will be buying back a former portion of its network that it sold to Frontier eight years ago.
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