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Verizon Acquires Frontier for $20 Billion as Connected Economy Evolves
PYMNTS.com· 2024-09-07 02:30
文章核心观点 - 5G和6G的兴起、光纤的日益依赖以及数字化生活方式的持续转变,都表明连接性的未来也是商业、支付和金融服务的未来 [1] - 维珍收购Frontier是为了扩大自身的光纤网络覆盖范围,以满足数字化转型的需求 [2][3] - 连接性对于几乎所有行业的生存都至关重要,是数字化转型的基石 [2] 根据相关目录分别进行总结 行业数字化转型 - 制造、物流和农业等行业正在数字化,可靠的高速连接已成为竞争的必要条件 [2] - 许多企业正在数字化现有流程,但并未从根本上重新思考如何利用技术来满足客户需求、提高效率和创造新价值 [6][7] - 单纯的流程数字化无法解决根本问题,需要重新设计更加适应性强、数据驱动、以客户为中心的工作流程 [6] 连接性基础设施建设 - 维珍收购Frontier是为了整合双方的光纤业务和无线网络,扩大在中西部、德克萨斯和加利福尼亚等地区的覆盖范围 [3] - 维珍希望通过这次收购,巩固自身作为可靠网络提供商的地位,并发挥网络在人们生活、工作和娱乐中的关键作用 [4]
Can Verizon Stock Benefit From Frontier Communications Buyout?
ZACKS· 2024-09-07 01:31
Verizon Communications Inc. (VZ) recently announced that it had entered into a definitive agreement to acquire Frontier Communications Parent, Inc. (FYBR) , the largest pure-play fiber provider in the United States. The deal, worth approximately $20 billion of enterprise value, is aimed at expanding Verizon's fiber footprint across the nation, thereby accelerating its delivery of premium mobility and broadband services to current and new customers. VZ's Strategic Acquisition to Expand Footprint Post-acquisi ...
Frontier Airlines to Participate in the Morgan Stanley 12th Annual Laguna Conference
Prnewswire· 2024-09-06 04:05
DENVER, Sept. 5, 2024 /PRNewswire/ -- Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC), today announced that Barry Biffle, CEO, will present at the Morgan Stanley 12th Annual Laguna Conference on Wednesday, September 11, 2024 at 1:25pm PDT. The event will be webcast and may be accessed through a link posted to the Company's investor relations website at https://ir.flyfrontier.com/news-and-events/events. The webcast will be archived for 90 days and will be accessible thro ...
Verizon is buying Frontier in $20B deal to strengthen its fiber network
Techxplore· 2024-09-06 02:26
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A Verizon retail location is shown in Willow Grove, Pa., Thursday, Feb. 22, 2024. Verizon is buying Frontier Communications in a $20 billion deal that helps bolster its fiber network. Credit: AP Photo/Matt Rourke, File Verizon is buying Frontier Communications in a $20 billion deal to strengthen its fiber network. Verizon Communi ...
Verizon to Acquire Frontier for $20 Billion, Expand Fiber Footprint
CNET· 2024-09-06 01:58
Competing fiber internet service providers Verizon and Frontier announced Thursday that the two have entered a definitive agreement in which Verizon will acquire Frontier Communications. The all-cash transaction, expected to close in approximately 18 months pending regulatory and Frontier shareholder approval, is valued at $20 billion. Post-close, Verizon's fiber reach and subscriber base will increase significantly. Frontier Fiber currently boasts approximately 2.2 million subscribers from 7.2 million loca ...
Verizon-Frontier deal: How it could impact customers
Fox Business· 2024-09-06 01:57
文章核心观点 - 维尔兹通信公司以200亿美元全现金收购边疆通信公司,这将扩大维尔兹的光纤覆盖范围,提高网络冗余性和可靠性[1][2] - 此次收购有助于维尔兹保留客户,因为捆绑销售光纤和移动业务可以降低客户流失率50%和40%[3][4] - 此次收购预计将在18个月内完成,需要获得股东和监管部门的批准[4] 根据相关目录分别进行总结 公司层面 - 维尔兹通信公司以200亿美元全现金收购边疆通信公司[1] - 此次收购将扩大维尔兹的光纤覆盖范围,覆盖31个州和华盛顿特区的2500万家庭和企业[1] - 此次收购有助于维尔兹提高网络冗余性,提高服务质量和连续性[2] - 此次收购有助于维尔兹保留客户,因为捆绑销售光纤和移动业务可以降低客户流失率50%和40%[3][4] 行业层面 - 此次收购有助于维尔兹提高网络冗余性,提高服务质量和连续性,应对网络中断[2] - 此次收购有助于维尔兹提高客户粘性,提高捆绑销售的渗透率,预计最高可达40%[4]
Verizon to Acquire Frontier Communications: ETFs in Focus
ZACKS· 2024-09-06 01:01
U.S. wireless carrier Verizon Communications Inc. (VZ) has agreed to buy the largest pure-play fiber Internet provider in the country, Frontier Communications (FYBR) , in an all-cash deal valued at $20 billion to boost its fiber network. Investors seeking to tap the opportunity arising from the projected deal could bet on telecommunication ETFs like Communication Services Select Sector SPDR Fund (XLC) , Fidelity MSCI Communication Services Index ETF (FCOM) , Vanguard Communication Services ETF (VOX) , iShar ...
Shareholder Alert: Ademi LLP investigates whether Frontier Communications Parent, Inc. has obtained a Fair Price for its Public Shareholders
Prnewswire· 2024-09-05 22:06
MILWAUKEE, Sept. 5, 2024 /PRNewswire/ -- Ademi LLP is investigating Frontier (Nasdaq: FYBR) for possible breaches of fiduciary duty and other violations of law in its transaction with Verizon. Click here to learn how to join our investigation https://www.ademilaw.com/case/frontier-communicationsparent-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. In the transaction, Frontier stockholders will receive $38.50 per share in cash. The transaction is valued at approximat ...
Frontier Stock Tumbles as Verizon Announces $20B All-Cash Acquisition
Investopedia· 2024-09-05 20:25
KEY TAKEAWAYS Shares of Frontier Communications are tumbling 10% in premarket trading after Verizon Communications said it plans to buy the fiber network company. The transaction is valued at about $20 billion of enterprise value. Verizon is offering Frontier shareholders $38.50 a share in cash, a 44% premium to Frontier's 90-day volume-weighted average share price on Tuesday, the day before The Wall Street Journal reported that a deal was close. Shares of Frontier Communications (FYBR) are tumbling 10% in ...
Is Verizon's Acquisition Of Frontier A Good Idea?
Forbes· 2024-09-05 19:50
OCEANSIDE, NEW YORK - AUGUST 23: A general view of a Verizon store on August 23, 2024 in Oceanside, ... [+] New York. Long Island is the home for a plethora of local and national business concerns. (Photo by Bruce Bennett/Getty Images) Getty Images Wireless behemoth Verizon 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-cash transaction valued at $20 billion. This would be one of Verizon's biggest ac ...