Verizon could bring former Fios neighborhoods home by buying Frontier
Verizon’s next big acquisition might be Frontier. Reports from The Wall Street Journal and Bloomberg suggest that Verizon is in “advanced talks” to acquire the communications provider, with a potential announcement coming as soon as this week.
Joining forces with Frontier could help Verizon expand its fiber footprint — by clawing back some of its old Fios subscribers. In 2015, Frontier bought Verizon’s wireline operations, including Fios fiber internet connections, across three states for $10.5 billion.
With AT&T going deeper into fiber and T-Mobile planning to acquire fiber provider Metronet, Verizon executives may have decided that now’s a good time to get back into the business. During the Bank of America Securities conference today,...
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