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Verizon has entered an agreement\u00a0to acquire the fiber internet provider Frontier in an all-cash deal valued at $20 billion. In its press release announcing the transaction<\/a>, Verizon says the deal will \u201csignificantly expand Verizon\u2019s fiber footprint across the nation, accelerating the company\u2019s delivery of premium mobility and broadband services to current and new customers.\u201d<\/p>\n<\/div>\n The deal with Frontier may help Verizon regain its old Fios subscribers, after some of its wireline operations \u2014 including Fios fiber internet connections \u2014 were purchased by Frontier in 2015 for $10.5 billion<\/a>. Frontier\u2019s existing 2.2 million fiber subscribers in 25 states will now join Verizon\u2019s approximately 7.4 million Fios connections in nine states. Frontier currently has 7.2 million fiber locations, and still plans to build out 2.8 million more by the end of 2026. <\/p>\n<\/div>\n \u201cThe acquisition of Frontier is a strategic fit,\u201d said Verizon Chairman and CEO Hans Vestberg. \u201cIt will build on Verizon\u2019s two decades of leadership at the forefront of fiber and is an opportunity to become more competitive in more markets throughout the United States, enhancing our ability to deliver premium offerings to millions more customers across a combined fiber network.\u201d<\/p>\n<\/div>\n