Frontier, with its roughly 2.2 million fiber subscribers will extend Verizon’s network reach to 25 million premises over 30 states. Frontier is also in the process of upgrading its legacy copper ...

According to the news release, Verizon will acquire Frontier for $38.50 per share in cash, with the entire transaction valued at approximately $20 billion of enterprise value.

Verizon is seeking approval from the FCC for its acquisition of Frontier. The deal was announced last September as an all-cash transaction valued at $20 billion.

Verizon has offered $38.50 per Frontier share held, a premium of 37.3% to Frontier’s closing price on Sept. 3, before reports of a potential acquisition emerged.

Verizon’s acquisition is expected to add 2.2 million Frontier fiber users across 25 states, expanding its fiber footprint to 25 million locations in 31 states and Washington, D.C., with plans to ...

"Frontier's 2.2 million fiber subscribers across 25 states will join Verizon's approximately 7.4 million FiOS connections in 9 states and Washington, D.C.," Verizon said.

Verizon said on Thursday it will buy fiber-optic internet provider Frontier Communications in an all-cash deal worth $20 billion, as the U.S. wireless carrier looks to grow its subscriber base.

Verizon to Acquire Fiber Internet Provider Frontier in $20B Deal. ... “The acquisition of Frontier is a strategic fit,” he continued.

Verizon-Frontier Acquisition Details The deal is expected to close in approximately 18 months. Verizon has offered $38.50 per share, a premium of 44 percent compared with Frontier’s closing ...

Under the terms of the agreement, Verizon proposes to acquire Frontier for $38.50 per share in cash, representing a premium of 43.7% to Frontier’s 90-day volume-weighted average share price on ...

Wireless behemoth Verizon (NYSE:VZ) announced early Thursday morning that it would be acquiring Frontier Communications – the largest pure-play fiber internet provider in the U.S. – in an all ...