The transaction, which awaits regulatory approval, would extend Verizon’s fiber network to a size that would rival major competitors like AT&T and Comcast by adding back lines i

With two days until the approval vote from shareholders, Verizon’s proposed acquisition of Dallas-based internet provider Frontier Communications is coming down to the wire. On Nov. 13, Frontier’s stockholders will decide whether to approve a $20 ...

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.

Frontier Communications (FYBR) rises 2.6% as shareholders are set to approve sale to Verizon (VZ). WSJ report confirms deal approval.

DALLAS--Frontier Communications Parent, Inc. (NASDAQ: FYBR) ("Frontier" or the "Company") today announced that its stockholders approved the acquisition by Verizon Communications Inc. (NYSE, NASDAQ: VZ) ("Verizon") at its special meeting held on November 13,

The deal has been approved despite a lot of noise from several Frontier investors in recent weeks that Verizon's bid undervalues the company. Several Frontier shareholders have expressed their opposition to the deal, including Glendon Capital Management, Cooper Investors Pty Limited, and Cerberus.

The Frontier investors have told Verizon and the Frontier board that the valuation metrics in the Ziply deal imply a far higher purchase price for Frontier, citing the long-term growth prospects for fibre broadband service.

The $9.6 billion deal would expand Verizon’s fiber network to a size that would rival major competitors such as AT&T and Comcast.

Over 60 percent of Frontier Communications stockholders have approved a merger agreement proposal with Verizon.

Shareholders of pure-play fiber internet provider Frontier Communications Parent, Inc. ($FYBR) on Wednesday have approved the acquisition of the company by Verizon Communications Inc. ($VZ) at a special meeting.