Prediction: Verizon's Purchase of Frontier Could Prove Costly for 1 Group of Shareholders
Frontier (ULCC) The Motley Fool·2024-09-10 18:12
The deal could fundamentally change the investment case for Verizon stock. The news that Verizon Communications (VZ 3.84%) will acquire Frontier Communications Parent (FYBR 0.68%) appears to make strategic sense. For all of its focus on 5G, fiber remains a critical part of the broadband communications infrastructure, serving both consumers and businesses. Unfortunately for Verizon's shareholders, it has decided to buy Frontier at a time when the company faces significant financial struggles. Hence, even if ...