"The acquisition of Frontier is a strategic fit," said Verizon Chairman and CEO Hans Vestberg, emphasizing that it enhances Verizon's ability to provide premium offerings to a larger customer base across a combined fiber network."
"Through this acquisition, we aim to increase our fiber footprint to 10 million homes by 2026, providing access to millions more households that value high-speed internet services."
"With the consolidation of these two companies, Verizon anticipates saving at least $500 million in annual costs, which will bolster our operational efficiency and competitive edge in the marketplace."
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