---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-213664"
form_type: "8-K"
ticker: "VZ"
cik: "0000732712"
company_name: "VERIZON COMMUNICATIONS INC"
filed_at: "2024-09-05T23:59:59+00:00"
generated_at: "2026-05-31T06:21:02.686916+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Verizon to acquire Frontier for $38.50/share cash in $20B deal, expands fiber network

## Summary
- All-cash acquisition valued at $20B enterprise value; $38.50 per share, 43.7% premium to Frontier's 90-day VWAP.
- Verizon gains Frontier's 2.2M fiber subscribers and expands to 25M premises across 31 states and D.C.
- Expects at least $500M in annual run-rate cost synergies by year three; accretive to revenue and EBITDA.
- Transaction unanimously approved by both boards; expected to close in approx 18 months, subject to approvals.
- Verizon reaffirms FY2024 guidance: wireless service revenue growth 2-3.5%, adj. EBITDA growth 1-3%, adj. EPS $4.50-4.70.

## SEC filing metadata
- accession: 0001193125-24-213664
- form_type: 8-K
- ticker: VZ
- cik: 0000732712
- company_name: VERIZON COMMUNICATIONS INC
- filed_at: 2024-09-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732712/000119312524213664/0001193125-24-213664-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732712/000119312524213664/d828371d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-213664
- JSON: https://secwatch.observer/filing/0001193125-24-213664.json
- Plain text: https://secwatch.observer/filing/0001193125-24-213664.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.