Annual synergies at least 500 mln usd (Il Sole 24 Ore Radiocor) - New York, 05 Sep - Verizon said it will buy Frontier Communications in an all-cash deal valued at 20 billion dollars which will significantly expand its fiber footprint across the US.

The acquisition will increase Verizon's scale with 2.2 million fiber subscribers and will extend Verizon's network reach to 25 million premises across 31 states and Washington, DC, the companies said.

It is projected to generate at least 500 million dollars in annual run-rate cost synergies.

AAA-Sje

(RADIOCOR) 05-09-24 14:26:22 (0364) 5 NNNN