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During a brief hearing on June 12, questions about the deal for Verizon to buy Frontier Communications’ operations went ...

In a bid to expand its fiber-optic network, Verizon has agreed to buy communications provider Frontier in a deal valued at about $20 billion, including $9.6 billion in cash.

Under the terms of the agreement, Verizon proposes to acquire Frontier for $38.50 per share in cash, representing a premium of 43.7% to Frontier’s 90-day volume-weighted average share price on ...

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According to the news release, Verizon will acquire Frontier for $38.50 per share in cash, with the entire transaction valued at approximately $20 billion of enterprise value.

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Verizon agreed to buy Frontier in September for about $9.6 billion and absorb $10 billion in Frontier debt. Federal Communications Commission chair Brendan Carr said “by approving this deal, ...

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Verizon, based in New York City, will pay $38.50 for each Frontier share. The deal is expected to close in about 18 months. It still needs approval from Frontier shareholders.

The PSC is reviewing a settlement that would see Verizon acquire Frontier and become the largest internet provider in West Virginia.