Verizon looks to expand its fiber footprint, announces acquistion of Frontier
The all-cash deal is valued at $20 billion.
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Credit: Edgar Cervantes / Android Authority
- Verizon has announced plans to buy Frontier Communications in a $20 billion dollar deal.
- The deal is expected to close in about 18 months and shouldn’t result in any front-facing changes for quite some time.
- Long-term, this could set up Fios as a much stronger, bigger player in the fiber market.
Today Verizon announced plans to buy Frontier Communications in a deal worth $20 billion. This move would greatly expand the reach of the Verizon fiber network, which it offers under the name Verizon Fios.
Verizon hopes this deal will go through smoothly and predicts it will close in about 18 months. The bigger question is how this might affect Verizon Fios and Frontier customers. Honestly, you shouldn’t expect much in the way of immediate changes, especially since the deal might take well over a year to work out. Even then, it usually takes a while before customers see any front-facing changes.
