“For Verizon, this would be a bold step in the direction of convergence… which is, in our view, an absolutely atrocious idea,” Craig Moffett of MoffettNathanson research wrote in a ...
Verizon and Frontier expect the deal to close in approximately 18 months, subject to approval by Frontier shareholders, regulatory approvals and other closing conditions. The agreement has been unanim...
” Nick Jeffery, president and CEO of Frontier, added that the pact is “a vote of confidence for the future of fiber. I am confident that this delivers a significant and certain cash premiu...
” Under the terms of the agreement, Verizon proposes to acquire Frontier for $38.50 per share in cash, representing a premium of 43.7% to Frontier’s 90-day volume-weighted average share pr...