Verizon said on Thursday it will buy fiber-optic internet provider Frontier Communications in an all-cash deal worth $20 billion, as the U.S. wireless carrier looks to grow its subscriber base.

Frontier Communications shareholders have approved a $9.6 billion sale to Verizon , the company said on Wednesday, even as a number of large investors sought to get a higher price.

Despite potential synergies, I believe the market's prevailing bullish rating overestimated the upside impacts of the deal. Furthermore, the acquisition price represents a 44% premium.

Buffett eyes Frontier acquisition arbitrage This return is currently better than the 4% to 4.3% offered by other investments. If the deal goes through, it will trigger a tax event for investors.

Verizon is buying Frontier in $20B deal to strengthen its fiber network Published: Sep. 05, 2024, 10:50 a.m. A Verizon retail location is shown in Willow Grove, Pennsylvania, Thursday, Feb. 22, 2024.

NEW YORK -- The deal will triple Frontier's size and make it the nation's largest communications provider focused on providing voice, broadband and video services to rural markets and smaller ...

Frontier Communications Parent Inc.'s stock fell 9% after Verizon Communications Inc. confirmed its plan to acquire the company in a $20 billion all-cash deal. But Fro ...

The report didn't mention a possible price; Frontier's market capitalization surged to around $9.6 billion after the stock jumped in response to the news of the possible deal.

Verizon is buying Frontier Communications in a $20 billion deal to strengthen its fiber network. Skip to content. Fox 8 Cleveland WJW. ... fell 9% before the market opened on Thursday.

Shares of Frontier Communications soared 38% after the Journal reported Verizon is in advanced talks to acquire the Dallas-based fiber provider. Verizon shares edged 3.4% lower. Read more: ...

AT&T* will work with Frontier Communications to bring fiber-optic connectivity to large enterprise customers outside AT&T's current footprint. The two companies signed multi-year strategic ...