Verizon is nearing a deal to acquire Frontier, according to The Wall Street Journal. A play for Frontier would fit into a fiber/mobile convergence strategy at Verizon and possibly spark more M&A for fiber assets among Verizon, AT&T and T-Mobile.
Verizon is reportedly in "advanced talks" to acquire Frontier Communications, the telcomm that emerged from bankruptcy in the spring of 2021 and pursued a turnaround initiative that has largely hinged on a plan to upgrade about 10 million locations with fiber.
A deal could be announced this week, The Wall Street Journal (WSJ) reported Wednesday, noting that a deal for Frontier could give Verizon better competitive footing against AT&T, which has also embarked on its own fiber network-building initiative. Read more here.
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