Navigation
Recherche
|
Verizon To Buy Frontier For $9.6 Billion, Says It Will Expand Fiber Network
jeudi 5 septembre 2024, 21:25 , par Slashdot
'Under the terms of the agreement, Verizon will acquire Frontier for $38.50 per share in cash, representing a premium of 43.7 percent to Frontier's 90-Day volume-weighted average share price (VWAP) on September 3, 2024, the last trading day prior to media reports regarding a potential acquisition of Frontier,' Verizon said. Assuming regulatory and shareholder approval, Verizon will be buying back a former portion of its network that it sold to Frontier eight years ago. In 2016, Frontier bought Verizon's FiOS and DSL operations in Florida, California, and Texas. The 2016 changeover was marred by technical problems that caused weeks of outages for tens of thousands of customers. 'Frontier's 2.2 million fiber subscribers across 25 states will join Verizon's approximately 7.4 million FiOS connections in 9 states and Washington, D.C.,' Verizon said. 'In addition to Frontier's 7.2 million fiber locations, the company is committed to its plan to build out an additional 2.8 million fiber locations by the end of 2026.' Read more of this story at Slashdot.
https://tech.slashdot.org/story/24/09/05/1924223/verizon-to-buy-frontier-for-96-billion-says-it-will...
Voir aussi |
56 sources (32 en français)
Date Actuelle
jeu. 19 sept. - 03:59 CEST
|