Verizon Communications Inc. has announced an agreement to acquire Frontier Communications Parent, Inc. for $20 billion in an all-cash transaction, the companies said in a joint press release on Sept. 5.
The acquisition will significantly expand Verizon’s fiber network, extending its reach to 25 million homes and businesses across 31 states and Washington, D.C., and increasing its ability to deliver broadband and mobility services across the country, the company said.
