Will.we hear anything from Dan?
The Verizon (VZ) and Frontier deal is expected to complete today, January 20, 2026, as Verizon announced it received all necessary regulatory approvals, including the final clearance from California regulators on January 15, 2026, clearing the path for closing. This acquisition combines Frontier's fiber network with Verizon's 5G, expanding fiber access to nearly 30 million locations across 31 states and D.C..
$400 million on Blue Jeans too! (how soon we all forget)
I wish I had a dollar for every time DEI gets randomly mentioned on this site. I could buy Frontier too. Frontier has been headquartered in TX since 2023, I'm pretty sure that was not a factor in any underperformance in that state but I'm sure it's just way easier to blame it on that than the overall competence of leaders in general to make sound business decisions.
@ag did you just awake from a coma?
Verizon has a long history of successful acquisitions. I’m humbled energized and excited for the game changing products and services we will deliver thanks to a well organized and non toxic leadership team. We’re the best in the business. Proud to be vz!!!!
https://www.investing.com/news/sec-filings/verizon-completes-acquisition-of-frontier-communications-triggers-nasdaq-delisting-93CH-4455624
Verizon Communications Inc. (NYSE:VZ) has completed its acquisition of Frontier Communications Parent, Inc. (NASDAQ:FYBR), making Frontier a wholly owned subsidiary, according to a press release statement filed with the Securities and Exchange Commission. The deal adds Frontier’s $9.6 billion market capitalization to Verizon’s portfolio.
The transaction closed Monday, resulting in the merger of France Merger Sub Inc., a wholly owned subsidiary of Verizon, with and into Frontier. Each outstanding share of Frontier common stock, except those already owned by Verizon or Frontier, was converted into the right to receive $38.50 in cash per share, without interest. This acquisition price represented a value very close to Frontier’s 52-week high of $38.50.
The Frontier network is a gigantic lemon. Chapter 11 bankruptcy, numerous CEO changes, and reorgs did nothing to to turn the company around. The network is old with very outdated equipment. Held together with shoestring and duct tape. The expertise needed to upgrade it left the building long ago. Verizon will go broke trying to fix it.
Great news..buying back assets for 2X and same failed DEI Executives to lead integration and execution. What could go wrong?
They sold off areas to frontier in past
Now they buying it again?
@OP An email from Dan Schulman just went out this morning at 9:42am (ET). Nothing earth shattering in there. Just acknowledging the close of the deal.
@OP would it make a difference if Schulman discussed this topic and its completeness?? Is it going to make the VZ stock price, currently below $39/share, to increase to $50/share??
Will Schulman offer any further insights, a vehement NO!
This current VZ CEO is the wrong man for the job!! VZ is a consumer-oriented company and not yet a technology company.
Schulman step-up!!!