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.