Verizon's $20 Billion Bid for Frontier Communications

Verizon has announced plans to acquire Frontier Communications in a $20 billion deal, aiming to significantly expand its fiber-optic network coverage. The move would increase Verizon's fiber network reach from 7 million to an estimated 10 million homes by 2026.

The acquisition would grant Verizon access to Frontier's 2.2 million fiber subscribers across 25 states, enhancing its competitiveness in markets throughout the United States. Verizon CEO Hans Vestberg emphasized the deal's potential to deliver premium offerings to a broader customer base.

While the deal is expected to close in 18 months, pending shareholder approval, some industry analysts express skepticism about the strategy of combining fiber-based and wireless networks. Critics argue that Verizon's limited fiber coverage may not support a viable national wireless network strategy based on convergence.

• Verizon agrees to buy Frontier for $20 billion to expand its fiber-optic network.
• Deal aims to increase Verizon's fiber network coverage to 10 million homes by 2026.
• Acquisition would give Verizon access to Frontier's 2.2 million fiber subscribers across 25 states.
• Transaction expected to close in 18 months, pending shareholder approval.
• Some analysts skeptical about the strategy of combining fiber-based and wireless networks.