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Verizon | 8-K: Minutes of the Meeting to Discuss the Merger Agreement

Verizon | 8-K: Minutes of the Meeting to Discuss the Merger Agreement

Verizon | 8-K:討論合併協議的會議記錄
美股SEC公告 ·  09/10 05:26

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On September 9, 2024, Verizon Communications Inc. discussed its strategic acquisition of Frontier Communications at the Goldman Sachs Communacopia and Technology Conference. Verizon's Chairman and CEO, Hans Vestberg, outlined the rationale behind the $20 billion deal, emphasizing its alignment with Verizon's strategy to expand its fiber footprint and address a larger total addressable market (TAM). The acquisition is expected to increase Verizon's fiber passings to nearly 30 million by 2026, significantly bolstering its broadband network. Vestberg also highlighted the financial benefits, noting the deal's accretive nature from day one in terms of revenue growth and EBITDA, with EPS and cash flow accretion following within a year. The transaction, subject to regulatory and stockholder approvals, is anticipated to close within 18 months. Vestberg reaffirmed Verizon's commitment to both fiber and fixed wireless access, indicating that the acquisition will not affect its fixed wireless strategy. The conference call also addressed the potential for market convergence and the value of offering customers a combination of services, which has been shown to reduce churn significantly.
On September 9, 2024, Verizon Communications Inc. discussed its strategic acquisition of Frontier Communications at the Goldman Sachs Communacopia and Technology Conference. Verizon's Chairman and CEO, Hans Vestberg, outlined the rationale behind the $20 billion deal, emphasizing its alignment with Verizon's strategy to expand its fiber footprint and address a larger total addressable market (TAM). The acquisition is expected to increase Verizon's fiber passings to nearly 30 million by 2026, significantly bolstering its broadband network. Vestberg also highlighted the financial benefits, noting the deal's accretive nature from day one in terms of revenue growth and EBITDA, with EPS and cash flow accretion following within a year. The transaction, subject to regulatory and stockholder approvals, is anticipated to close within 18 months. Vestberg reaffirmed Verizon's commitment to both fiber and fixed wireless access, indicating that the acquisition will not affect its fixed wireless strategy. The conference call also addressed the potential for market convergence and the value of offering customers a combination of services, which has been shown to reduce churn significantly.
2024年9月9日Verizon通信公司在高盛通信技術會議上討論了其對Frontier通信公司的戰略收購。Verizon的董事長兼首席執行官漢斯·韋斯特伯格概述了這項200億美元交易的理由,並強調其與Verizon擴展光纖覆蓋範圍和解決更大可尋址市場 (TAM) 的戰略一致性。預計此收購將使Verizon的光纖接入達到將近3000萬大戶,大大強化其寬帶網絡。韋斯特伯格還強調了該交易的經濟利益,指出這筆交易將從第一天起就在收入增長和EBITDA方面起到增值作用,每股收益和現金流也將在一年內增值。這筆交易需要獲得監管和股東批准,並有望在18個月內完成。韋斯特伯格重申了Verizon對光纖和固定無線接入的承諾,並表示該收購將不會影響其固定無線策略。此次電話會議還討論了市場融合的潛力和爲客戶提供多種服務組合的價值,這已被證明能顯著降低流失率。
2024年9月9日Verizon通信公司在高盛通信技術會議上討論了其對Frontier通信公司的戰略收購。Verizon的董事長兼首席執行官漢斯·韋斯特伯格概述了這項200億美元交易的理由,並強調其與Verizon擴展光纖覆蓋範圍和解決更大可尋址市場 (TAM) 的戰略一致性。預計此收購將使Verizon的光纖接入達到將近3000萬大戶,大大強化其寬帶網絡。韋斯特伯格還強調了該交易的經濟利益,指出這筆交易將從第一天起就在收入增長和EBITDA方面起到增值作用,每股收益和現金流也將在一年內增值。這筆交易需要獲得監管和股東批准,並有望在18個月內完成。韋斯特伯格重申了Verizon對光纖和固定無線接入的承諾,並表示該收購將不會影響其固定無線策略。此次電話會議還討論了市場融合的潛力和爲客戶提供多種服務組合的價值,這已被證明能顯著降低流失率。

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