Can Verizon Stock Benefit From Frontier Communications Buyout?
ULCCFrontier (ULCC) 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 FootprintPost-acquisiti ...