Tag: verizon

Home » verizon
Why Verizon Just Acquired Frontier for $20 Billion in Cash
Post
September 5, 2024September 5, 2024IPOs

Why Verizon Just Acquired Frontier for $20 Billion in Cash

by

Verizon said on Thursday that it had entered into a definitive agreement to acquire Frontier, a leading fiber internet provider, for $20 billion in cash. Frontier is a nearly 90-year-old telecommunications company that filed for bankruptcy in 2020 after taking on billions of dollars in debt. Frontier exited bankruptcy in 2021 with a fiber focus,...