Verizon's $20 Billion Acquisition of Frontier: A Giant Leap in Fiber Internet Expansion

Thursday, 5 September 2024, 07:38

Verizon is set to acquire Frontier for $20 billion, significantly expanding its fiber internet network. This strategic move aims to enhance Verizon's broadband offerings and regain former subscribers. Frontier's 2.2 million fiber connections will bolster Verizon's Fios presence nationwide, further solidifying its market position.
The Verge
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.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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