NMW: Verizon's Strategic Acquisition of Frontier to Enhance Fiber Network and AI Integration
Thursday, 5 September 2024, 10:36
NMW: Verizon's $20B Frontier Acquisition
Verizon is making headlines with its acquisition of Frontier Communications for $20 billion—a strategic move aimed at fortifying its fiber network. This deal not only enhances Verizon's existing fiber infrastructure but also supports its ambitions in artificial intelligence and connected smart devices.
Strengthening the Fiber Network
- Frontier has invested $4.1 billion in upgrading its fiber network over the last four years.
- The company now generates over half of its revenue from fiber products.
- With 2.2 million fiber subscribers across 25 states, Frontier represents a significant asset.
Enhanced Future Growth
- This acquisition enhances Verizon's already impressive 7.4 million Fios connections.
- Frontier is poised to build out an additional 2.8 million fiber locations by the end of 2026.
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.