Verizon announced the acquisition of Frontier Communications in an all-cash transaction valued at $20 billion, significantly expanding its fiber footprint across 31 states. The deal will combine Verizon's existing fiber network with Frontier's infrastructure to reach approximately 25 million fiber passings, positioning Verizon as a leading provider in both fiber and fixed wireless access services.The transaction is expected to close in 18 months, subject to regulatory approvals and Frontier shareholder vote. Verizon anticipates at least $500 million in run rate operating cost synergies by year three, with the deal being accretive to revenue and adjusted EBITDA growth upon closing and EPS accretive beginning in 2027. Frontier will maintain its plan to build out 2.8 million additional passings to reach 10 million locations by 2026.The strategic combination aims to strengthen Verizon's competitive position by uniting Frontier's premium broadband with Verizon's premium mobile offerings. Historical data shows joint mobile and fiber home customers demonstrate 50% lower postpaid mobility churn rates, with Verizon estimating a 1 million joint subscriber opportunity post-closing.

Verizon announced the acquisition of Frontier Communications in an all-cash transaction valued at $20 billion, significantly expanding its fiber footprint across 31 states. The deal will combine Verizon's existing fiber network with Frontier's infrastructure to reach approximately 25 million fiber passings, positioning Verizon as a leading provider in both fiber and fixed wireless access services.The transaction is expected to close in 18 months, subject to regulatory approvals and Frontier shareholder vote. Verizon anticipates at least $500 million in run rate operating cost synergies by year three, with the deal being accretive to revenue and adjusted EBITDA growth upon closing and EPS accretive beginning in 2027. Frontier will maintain its plan to build out 2.8 million additional passings to reach 10 million locations by 2026.The strategic combination aims to strengthen Verizon's competitive position by uniting Frontier's premium broadband with Verizon's premium mobile offerings. Historical data shows joint mobile and fiber home customers demonstrate 50% lower postpaid mobility churn rates, with Verizon estimating a 1 million joint subscriber opportunity post-closing.