Verizon’s attempt to acquire fiber-focused rival Frontier Communications is already facing a major obstacle. According to a report published on Monday by Reuters, some of Frontier’s major shareholders believe Verizon’s $20 billion bid is too low.
Back in early September, Verizon put out a bid...
Telecommunications giant Verizon has a $20 billion deal in place to acquire rival Frontier Communications.
The acquisition is largely based on Verizon’s desire to expand its fiber network. Frontier has been making big investments, an estimated $4.1 billion, in the fiber part of its business...
Telecommunication giant Verizon had a rough third quarter, according to the company’s third-quarter earnings results released earlier this week. The report showed a decline in profit and number of subscribers, causing Verizon stock to drop to its lowest in more than a decade.
Verizon revealed...
