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Kiplinger
Kiplinger
Business
Joey Solitro

Verizon to Buy Frontier Communications, Hikes Dividend

Verizon Frontier Frontier Communications VZ Oppenheimer United States Verizon Communications
Verizon logo on a phone, sitting on a computer keyboard.

Verizon Communications (VZ) confirmed Thursday that it will be buying Frontier Communications Parent (FYBR) in an all-cash transaction valuing it at approximately $20 billion. 

VZ stock is trading slightly lower Thursday while FYBR shares are down more than 9% at last check, paring a portion of Wednesday's big gains that were sparked by buzz about a potential Verizon buyout.

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