Verizon Communications has acquired Frontier Communications in a $20 billion all-cash deal, boosting its fiber network and broadband services nationwide. The acquisition, expected to close in 18 months, will integrate Frontier’s 2.2 million fiber subscribers and 7.2 million fiber locations with Verizon’s existing infrastructure, creating a significant expansion of Verizon’s fiber footprint and bolstering its delivery of premium services.
Results for: Fiber Network
AT&T’s stock price is on the rise, fueled by the company’s recent partnership with Nokia to upgrade its fiber network and the upcoming Goldman Sachs presentation by CEO John Stankey. This partnership, along with the anticipated insights into AT&T’s strategic direction, is attracting investor interest.