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International Business Times
International Business Times
Business
Mark Moore

Verizon Buying Frontier Communications In $20 Billion All-Cash Deal

Verizon Frontier Frontier Communications ATT
Verizon said it is buying Frontier Communications in a $20 billion deal. (Credit: Reuters / ANDREW KELLY)

Verizon said Thursday it is buying Frontier Communications in an all-cash deal worth $20 billion as the wireless carrier seeks to boost its fiber network.

Verizon said the acquisition will enable it to expand on its "fiber footprint across the nation," augment its ability to deliver broadband services and expand the company's entrance into AI.

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