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Verizon to acquire Frontier

Key Highlights: – – – • Increases scale with 2.2 million fiber subscribers and will extend Verizon’s network reach to 25 million premises across 31 states and Washington, D.C. – • Transaction valued at $20 billion, expected to be accretive to revenue and Adjusted EBITDA growth upon closing – • Verizon reaffirms full-year 2024 guidance – • Projected to generate at least $500 million in annual run-rate cost synergies – • Verizon to host investor conference call today at 8:00 AM Eastern Time – – …

Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=326525

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