Verizon's $20 Billion Acquisition of Frontier: A Giant Leap in Fiber Internet Expansion
Strategic Acquisition Amplifies Fiber Reach
Verizon has announced its intent to acquire Frontier, a prominent fiber internet provider, in a deal valued at $20 billion. The acquisition will significantly amplify Verizon's fiber network footprint across the United States, allowing the company to deliver premium mobility and broadband services to a wider audience.
Regaining Market Momentum
This move is crucial as Verizon seeks to reclaim lost ground in the fiber internet sector after Frontier assumed control of its wireline operations, including Fios, in 2015. With Frontier's existing 2.2 million fiber connections across 25 states, the integration with Verizon's current 7.4 million Fios connections marks a pivotal moment for both companies.
- Frontier plans to develop an additional 2.8 million fiber locations by 2026.
- The acquisition is projected to close in approximately 18 months pending regulatory twists.
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