The price tag for Frontier, based in Dallas, is sizeable given its 2.2 million fiber subscribers across 25 states.
Verizon Communications is acquiring Frontier Communications, the largest pure-play fiber internet provider in the U.S., in an in all-cash transaction valued at $20 billion.
Verizon Communications Inc. said Thursday that the acquisition will also shore up its foray into artificial intelligence as well as connected smart devices.
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