​Verizon To Buy Frontier Communications For $20 Billion In Major Nationwide Fiber Network Expansion  – Tyler Durden

Verizon To Buy Frontier Communications For $20 Billion In Major Nationwide Fiber Network Expansion  Verizon Communications announced a $20 billion deal to acquire rival telecommunications operator Frontier Communications Parent Inc., the US’s largest pure-play fiber internet provider. The announcement follows a Wednesday report from The Wall Street Journal suggesting that Verizon was nearing a deal, sparking a 38% surge in Frontier’s shares in New York.  Verizon said Frontier investors will receive $38.50 per share in cash, representing a 43.7% premium to Frontier’s 90-day volume-weighted average share price on Tuesday, the last pure trading day before media reports leaked a potential acquisition of Frontier.  The Verizon and Frontier…  — Continue at ZeroHedge News : Read More