News

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

By: Brad Randall, Broadband Communities

Approximately 63 percent of Frontier Communications stockholders have voted to approve a merger agreement proposal.

Frontier, which announced the news following a Nov. 13 special meeting, also reported that ten of the company’s top 12 stockholders voted in favor of the transaction.

In the deal, subject to regulatory approval, Verizon would acquire Frontier in an all-cash transaction worth $20 billion.

Currently, Frontier serves over 2.2 million fiber subscribers across 25 states. If approved, the deal would give Verizon over 25 million fiber passings across 31 states.

Nick Jeffery, Frontier’s CEO, said the Nov. 13 vote “demonstrates the strong value of the fiber business we have built over the past four years.”

“We look forward to closing this transaction by the first quarter of 2026 and beginning to deliver our premium fiber offering to millions more customers across our combined network,” he said, according to Frontier’s announcement.

According to Frontier, the firm’s shareholders will receive $38.50 per share in cash.

The value represents a 37 percent premium of Frontier’s Sept. 3 share price, Frontier’s announcement stated.

Over the past several years, Frontier has invested over $4 billion into network upgrades and fiber expansions, with planned build outs to 2.8 million fiber locations by 2027.

Verizon’s CEO previously said the deal would enhance Verizon’s ability to deliver premium offerings to millions more customers across a combined fiber network.

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