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Verizon is reportedly near a deal to buy fiber provider Frontier Communications. On Wednesday, The Wall Street Journal that an announcement could come as early as this week, provided discussions don’t “hit any last-minute snags.”
Frontier has a market value of over $7 billion and provides broadband to around three million locations in 25 states. The company would help Verizon boost its Fios fiber network and better compete with AT&T. The carrier has seen slowing wireless revenue and views fiber investment as a growth area. Acquiring companies with existing infrastructure, like Frontier, is potentially less expensive and time-consuming than rolling out its own network.
Based in Dallas, Frontier is currently upgrading its copper landline system to fiber — enabling it to offer . The company for Chapter 11 bankruptcy in 2020. It pivoted to a “leaner business,” as the WSJ describes, before running into concerns that it would run out of money before it finishes its current upgrades.
The FTC . Under a 2022 settlement, Frontier was to stop lying about its internet performance, dole out over $8.5 million and install fiber service in 60,000 California homes over four years.
This article originally appeared on Engadget at
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Frontier has a market value of over $7 billion and provides broadband to around three million locations in 25 states. The company would help Verizon boost its Fios fiber network and better compete with AT&T. The carrier has seen slowing wireless revenue and views fiber investment as a growth area. Acquiring companies with existing infrastructure, like Frontier, is potentially less expensive and time-consuming than rolling out its own network.
Based in Dallas, Frontier is currently upgrading its copper landline system to fiber — enabling it to offer . The company for Chapter 11 bankruptcy in 2020. It pivoted to a “leaner business,” as the WSJ describes, before running into concerns that it would run out of money before it finishes its current upgrades.
The FTC . Under a 2022 settlement, Frontier was to stop lying about its internet performance, dole out over $8.5 million and install fiber service in 60,000 California homes over four years.
This article originally appeared on Engadget at
Console Bang News!