Reported about 1 month ago
Verizon is reportedly in advanced negotiations to purchase Frontier Communications, aiming to enhance its fiber network to better compete with AT&T and other rivals. A deal announcement may occur this week if no last-minute issues arise, with Frontier valued at approximately $7 billion. Following the news, Frontier's stock surged by 34%, while Verizon's shares dropped over 3%.
Source: YAHOO