Verizon Communications Inc. has announced an agreement to acquire Frontier Communications Parent Inc. for $20 billion in an all-cash transaction. The deal, expected to close in approximately 18 months, is subject to Frontier shareholder vote and regulatory approvals. This acquisition will significantly expand Verizon's fiber footprint, adding over 15 million passings from Frontier to Verizon's existing 15 million, totaling approximately 30 million fiber passings across 31 states and Washington, DC. The transaction is expected to be accretive to Verizon's revenue and adjusted EBITDA growth rates upon closing and to EPS beginning in 2027. Verizon anticipates at least $500 million in run rate operating cost synergies by the third year post-closing. The acquisition aligns with Verizon's strategy to grow connections and value of customer relationships, offering more choice and access to Verizon's premium mobility, home internet, streaming, and connected home offerings. The deal will also support the delivery of premium mobility and broadband services to new and existing customers and power Verizon's intelligent Edge network for digital innovation.

Verizon Communications Inc. has announced an agreement to acquire Frontier Communications Parent Inc. for $20 billion in an all-cash transaction. The deal, expected to close in approximately 18 months, is subject to Frontier shareholder vote and regulatory approvals. This acquisition will significantly expand Verizon's fiber footprint, adding over 15 million passings from Frontier to Verizon's existing 15 million, totaling approximately 30 million fiber passings across 31 states and Washington, DC. The transaction is expected to be accretive to Verizon's revenue and adjusted EBITDA growth rates upon closing and to EPS beginning in 2027. Verizon anticipates at least $500 million in run rate operating cost synergies by the third year post-closing. The acquisition aligns with Verizon's strategy to grow connections and value of customer relationships, offering more choice and access to Verizon's premium mobility, home internet, streaming, and connected home offerings. The deal will also support the delivery of premium mobility and broadband services to new and existing customers and power Verizon's intelligent Edge network for digital innovation.