Verizon Is in Talks to Buy Frontier Communications
- Frontier shares surge 38%, most since exiting bankruptcy
- All-cash deal could be announced as soon as Thursday
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Verizon Communications Inc. is in advanced talks to acquire rival telecommunications operator Frontier Communications Parent Inc., according to a person familiar with the negotiations.
An all-cash deal between the two companies could be announced as soon as Thursday, the person said, asking not to be named discussing non-public information. A representative for Frontier declined to comment. A spokesperson for Verizon didn’t immediately respond to a request for comment.