Verizon receives final approval to complete Frontier acquisition

Verizon Communications Inc. (NYSE, NASDAQ: VZ) and Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced they received all required regulatory approvals for their acquisition transaction, with California providing the final approval on January 15. The companies expect to close the transaction on January 20.

The acquisition will expand Verizon's fiber network reach to nearly 30 million homes and businesses across 31 states and Washington, D.C. Upon completion, Verizon will combine its mobile network with Frontier's fiber internet infrastructure.

"The path to closing the Frontier acquisition marks a significant milestone in Verizon's evolution and is a bold step forward in Verizon's transformation to regain market leadership," said Verizon CEO Dan Schulman in the press release statement.

Following the transaction closure, Frontier's common stock will be delisted from NASDAQ and deregistered under the Securities Exchange Act of 1934. The last trading day for Frontier shares is expected to be January 16.

Verizon plans to provide additional details about the acquisition during its fourth-quarter 2025 earnings call scheduled for January 30. The company reported revenues of $134.8 billion in 2024.

The transaction aims to create cross-selling opportunities by combining Verizon's mobile services with Frontier's fiber network in complementary markets. New service offerings for customers from both companies are planned to launch after the closing.

You May Also Be Interested In

• Diana Shipping accuses Genco of changing valuation methods to avoid takeover
• Boeing Explores Hiking 737 Production - Air Current
• Cosmos Health expands Sky Premium Life to all 27 EU states via Skroutz