Loading...
Market
What will be the primary benefit area of Verizon's acquisition of Frontier Communications by December 31, 2025?
2
Resolution / Starting Odds
Fiber Network Expansion • 25%
Artificial Intelligence • 25%
Internet of Things • 25%
Other • 25%
Official announcements from Verizon or industry analysis reports
Story
Verizon to Acquire Frontier Communications for $38.50 Per Share in $20 Billion Deal
Sep 5, 2024, 11:30 AM
Verizon Communications Inc. has agreed to acquire Frontier Communications in an all-cash deal valued at $20 billion. The acquisition will see Verizon purchase Frontier for $38.50 per share, representing a 35.1% premium. This deal aims to bolster Verizon's fiber network, expanding its reach to 25 million premises across 31 states and better positioning the company to compete with rivals such as AT&T. Frontier Communications, based in Dallas, has a market value of $7 billion and 2.2 million fiber subscribers. The transaction is expected to close in 18 months, pending regulatory approval. Verizon also stated that the acquisition will help in areas such as artificial intelligence and the Internet of Things.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Less than 20 million premises • 25%
20-22 million premises • 25%
22-25 million premises • 25%
More than 25 million premises • 25%
Increase • 25%
Decrease • 25%
Remain the same • 25%
Other • 25%
Less than 20% • 25%
20-30% • 25%
30-40% • 25%
More than 40% • 25%
Less than 1,000 • 25%
1,000-3,000 • 25%
3,000-5,000 • 25%
More than 5,000 • 25%
Improved market position • 25%
Declined market position • 25%
No significant change • 25%
Other • 25%
Network expansion • 25%
Debt repayment • 25%
Share buybacks • 25%
Other uses • 25%
Leader • 25%
Second place • 25%
Third place • 25%
Fourth place or lower • 25%