Verizon Communications Inc. has announced a definitive agreement to acquire Frontier Communications in an all-cash transaction valued at $20 billion. The acquisition is expected to significantly expand Verizon's fiber footprint, adding 2.2 million fiber subscribers and extending its network reach to 25 million premises across 31 states and Washington, D.C. This strategic move aims to accelerate Verizon's delivery of premium mobility and broadband connectivity services and expand its intelligent edge network for digital innovations like AI and IoT. The transaction is expected to close in approximately 18 months, subject to regulatory approvals, and is anticipated to be accretive to Verizon's revenue and adjusted EBITDA growth rates upon closing. It will also be accretive to EPS beginning in 2027, with an estimated increase in net unsecured debt to adjusted EBITDA ratio of approximately 0.2 to 0.3 times at closing. Verizon's capital allocation priorities remain unchanged, focusing on investing in business growth, increasing dividends, paying down debt, and considering buybacks.

Verizon Communications Inc. has announced a definitive agreement to acquire Frontier Communications in an all-cash transaction valued at $20 billion. The acquisition is expected to significantly expand Verizon's fiber footprint, adding 2.2 million fiber subscribers and extending its network reach to 25 million premises across 31 states and Washington, D.C. This strategic move aims to accelerate Verizon's delivery of premium mobility and broadband connectivity services and expand its intelligent edge network for digital innovations like AI and IoT. The transaction is expected to close in approximately 18 months, subject to regulatory approvals, and is anticipated to be accretive to Verizon's revenue and adjusted EBITDA growth rates upon closing. It will also be accretive to EPS beginning in 2027, with an estimated increase in net unsecured debt to adjusted EBITDA ratio of approximately 0.2 to 0.3 times at closing. Verizon's capital allocation priorities remain unchanged, focusing on investing in business growth, increasing dividends, paying down debt, and considering buybacks.