The acquisition of Frontier is a strategic fit. It will build on Verizon's two decades of leadership at the forefront of fiber and is an opportunity to become more competitive.
The deal will significantly expand Verizon's fiber footprint across the nation, accelerating the company's delivery of premium mobility and broadband services to current and new customers.
This is an opportune moment for Verizon to get back into the fiber internet business following AT&T's expansion and T-Mobile's bid to acquire Metronet.
Frontier's existing 2.2 million fiber subscribers in 25 states will now join Verizon's approximately 7.4 million Fios connections in nine states.
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