Verizon CEO details $20B Frontier acquisition at Goldman conference; fiber passings to reach ~30M

VERIZON COMMUNICATIONS INC

$20 billion acquisition of Frontier Communications discussed; fiber footprint to expand to nearly 30M passings by 2026.
Frontier currently generates over 55% of revenue from fiber and has 7 million fiber passings.
CEO Hans Vestberg states the deal fits strategy: 'build the network once' and increase TAM.
Deal expected to close in 2026; regulatory approvals and stockholder approval required.

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