Verizon looks to expand Fios with $20 billion purchase of Frontier

Verizon has entered an agreement to acquire the fiber internet provider Frontier in an all-cash deal valued at $20 billion. In its press release announcing the transaction, Verizon says the deal will “significantly expand Verizon’s fiber footprint across the nation, accelerating the company’s delivery of premium mobility and broadband services to current and new customers.”