Articles for tag: Acquire, Aiming, Billion, Communications, Compete, Enhance, Fiber, Footprint, Frontier, Internet, Plans, Rivals, Verizon

Verizon plans to acquire Frontier Communications for $20 billion, aiming to enhance its fiber internet footprint and compete against rivals.

Verizon is set to acquire Frontier Communications for $20 billion in an all-cash deal, announced on Thursday. This strategic move aims to expand Verizon’s subscriber base and enhance its competitive edge against rivals AT&T and T-Mobile, which offer extensive unlimited plans and bundled services. Verizon has proposed $38.50 per share for Frontier, a 37.3% premium ...