Frontier Communications today announced that it would be acquiring some Verizon assets to create the nation's largest "pure rural" communications service provider.Under the acquisition agreement, Frontier would acquire approximately 4.8 million access lines from Verizon and the deal is valued at $8.6 billion dollars for the all stock transaction. This make Frontier the nation's fith largest incumbent local exchange carrier (ILEC) with more than 7 million access lines, 8.6 million voice and broadband connections and 16,000 employees in 27 states. Frontier will offer broadband, new bundled services and expanded technologies to customers across its expanded geographic footprint.
Read more: Tech Fragments
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