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Verizon’s (NYSE:VZ) Strategic Acquisition of Frontier Communications

November 16, 2024
in Technology
Verizon’s (NYSE:VZ) Strategic Acquisition of Frontier Communications
Verizon Communications Inc. is advancing its plans to acquire Frontier Communications in a $20 billion all-cash deal, aiming to significantly expand its fiber network and enhance its broadband services across the United States. Deal Overview and Financial Implications The acquisition, announced on September 5, 2024, involves Verizon purchasing Frontier Communications for $38.50 per share, representing a 44% premium over Frontier's 90-day average share price as of September 3. This transaction
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