Verizon Communications Inc. (VZ) and Frontier Communications Parent Inc. (FYBR) announced that they have received all necessary regulatory approvals and expect to finalize their acquisition on January 20, 2026.
Upon completion of the transaction, Verizon will expand its fiber footprint to nearly 30 million passings across 31 states and Washington, D.C. This broader reach is expected to deliver enhanced value and more choices to millions of customers nationwide.
Following the closing, Frontier's common stock will be delisted from Nasdaq. The last day of trading for Frontier's shares is anticipated to be January 16, 2026.
In September 2024, Verizon Communications agreed to acquire Frontier Communications Parent in an all-cash transaction valued at $20 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.