The acquisition of Frontier is a strategic fit," stated Verizon chairman and CEO Hans Vestberg. "It will build on Verizon's two decades of leadership at the forefront of fiber and is an opportunity to become more competitive in more markets throughout the United States, enhancing our ability to deliver premium offerings to millions more customers across a combined fiber network.
Once the deal closes, Verizon will inherit about 2.2 million fiber customers from Frontier, extending its reach to 25 million homes and businesses through its expanded fiber network, according to the two companies.
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