Verizon's acquisition of Frontier Communications, worth $20 billion, aims to expand its footprint and integrate wireless with Frontier's fiber network, enhancing connectivity options.
Verizon Chairman Hans Vestberg emphasized the importance of synergy between Verizon's mobile assets and Frontier's fiber, stating, 'Our strategy remains to build one network and connect more customers effectively.'
With Frontier's investment, the company now has over half its revenue from fiber products, supported by its ambition to reach 10 million fiber locations by 2026.
The merger will create a combined company with 25 million fiber passings across 31 states, significantly boosting Verizon's position in the competitive telecommunications market.
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