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,...
