Verizon Expands in Telecommunications Sector with $9.6 Billion Acquisition of Frontier Communications

Verizon has acquired Frontier Communications for $9.6 billion, expanding its presence in the telecommunications sector. Frontier, which provides broadband and voice services, saw its stock increase 0.3% after regulatory approval. The deal marks a strategic expansion for Verizon, but Frontier's financial health is concerning, with high debt and a low net margin. The acquisition is expected to enhance Verizon's offerings in the communication services sector.