The acquisition adds nation’s ‘largest pure-play fiber internet provider’ to Verizon’s portfolio.
Verizon announced today that it is acquiring fiber network provider Frontier Communications in an all-cash transaction valued at $20 billion. Frontier—which emerged from bankruptcy in 2021—is the largest pure-play fiber internet provider in the U.S. and adding it to Verizon’s portfolio will significantly expand Verizon’s fiber footprint across the nation, “accelerating the company’s delivery of premium mobility and broadband services to current and new customers” and “expand Verizon’s intelligent edge network for digital innovations like AI and IoT,” Verizon said. (TV Tech)