11/14/2024

Frontier Shareholders Approve $9.6 Billion Deal with Verizon

The deal will take 18 months to close

Frontier Communications shareholders have approved a $9.6 billion sale to Verizon, the company said on Wednesday, even as a number of large investors sought to get a higher price.

Shareholders had until Wednesday to cast their votes on a deal that Verizon's CEO Hans Vestberg called a "strategic fit" that would allow the company to be more competitive in additional markets.

The deal will take 18 months to close.

Please select this link to read the complete article from Reuters.