International Companies

Verizon to buy Frontier Communications in $20bn cash deal

By Michele Maatouk

Date: Thursday 05 Sep 2024

(Sharecast News) - Verizon Communications said on Thursday that it has agreed to buy Frontier Communications, the largest pure-play fibre internet provider in the US, for $20bn in cash.
Under the terms of the agreement, Verizon will pay $38.50 per share in cash, which is a premium of about 43.7% to...

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