{"id":17544,"date":"2024-09-10T04:23:50","date_gmt":"2024-09-10T04:23:50","guid":{"rendered":"https:\/\/cissar.com\/?p=17544"},"modified":"2024-09-10T04:23:50","modified_gmt":"2024-09-10T04:23:50","slug":"verizon-frontier-deal-how-it-could-impact-customers","status":"publish","type":"post","link":"https:\/\/cissar.com\/index.php\/2024\/09\/10\/verizon-frontier-deal-how-it-could-impact-customers\/","title":{"rendered":"Verizon-Frontier deal: How it could impact customers"},"content":{"rendered":"
\n
\n
\n
<\/a> close<\/a><\/div>\n
\n
\"Check<\/source><\/source><\/source><\/source><\/picture> video<\/span><\/a><\/div>\n<\/div>\n
\n
\n

FOX Business Flash top headlines for September 5<\/a><\/h2>\n

Check out what’s clicking on FoxBusiness.com.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Verizon Communications Inc.<\/a> on Thursday announced plans to acquire Frontier Communications in an all-cash transaction valued at $20 billion, which is expected to expand Verizon’s fiber footprint nationwide.\u00a0<\/p>\n

\n
<\/div>\n<\/div>\n

Verizon told FOX Business that this deal would effectively accelerate the company\u2019s delivery of mobility and broadband connectivity services to current and new customers. For one, it would expand the availability of its fiber broadband to reach 25 million homes and businesses across 31 states and Washington, D.C.<\/p>\n

Currently, Verizon has 7.4 million Fios connections across homes and businesses.\u00a0<\/p>\n

Business strategist Marva Bailer told FOX Business that this would help build redundancy in the network. For instance, if there is a connectivity issue in one part of the country, then the company will be able to better leverage other areas of its network, so customers will not be as affected.\u00a0<\/p>\n

\n
<\/div>\n<\/div>\n
\n
\"Frontier<\/source><\/source><\/source><\/source><\/picture><\/div>\n
\n

Frontier Communications Parent Inc. headquarters in Dallas.<\/span> (Shelby Tauber\/Bloomberg via Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n

FCC FINES FOUR WIRELESS CARRIERS MILLIONS<\/strong><\/a><\/p>\n

<\/div>\n

“The combination of assets\u00a0provides opportunity for redundancy\u00a0and new destinations for high volume traffic\u00a0areas or disruption, keeping quality, continuity\u00a0and security for businesses\u00a0and consumers,” Bailer said.<\/p>\n

According to the Harvard Business Review, between 70% and 90% of mergers and acquisitions fail as “companies too often pay the wrong price and integrate the acquisition in the wrong way.”\u00a0<\/p>\n

\n
<\/div>\n<\/div>\n\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n<\/tbody>\n
VZ<\/a><\/td>\nVERIZON COMMUNICATIONS INC.<\/td>\n41.31<\/td>\n-0.17<\/td>\n\n -0.41%\n <\/td>\n<\/tr>\n
FYBR<\/a><\/td>\nFRONTIER COMMUNICATIONS CORP.<\/td>\n35.53<\/td>\n+0.53<\/td>\n\n +1.51%\n <\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

However, on Wednesday, prior to the news being announced, JPMorgan analysts commented on the rumor of a potential acquisition between the companies, saying the deal “would support the view of increased demand from US consumers and attest to the enhanced economics for providers.<\/a>”\u00a0<\/p>\n

\n
\"verizon\"<\/source><\/source><\/source><\/source><\/picture><\/div>\n
\n

According to the Harvard Business Review, between 70% and 90% of mergers and acquisitions fail as “companies too often pay the wrong price and integrate the acquisition in the wrong way.”<\/span> (Igor Golovniov\/SOPA Images\/LightRocket via Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n

MAJOR TELECOM OUTAGE IMPACTING AMERICANS TRAVELING OVERSEAS<\/strong><\/a><\/p>\n

Bank of America analysts published a note on Thursday, saying how the deal could help Verizon hold onto customers. When fiber and mobility are sold together, Verizon “enjoys a 50% reduction in mobility churn and a 40% reduction in fiber churn,” according to the analysts.\u00a0<\/p>\n

\n
<\/div>\n<\/div>\n

Churn is the rate at which customers or subscribers stop doing business with a company. A high churn rate indicates that a large number of customers are not getting enough value from the product or service being sold.\u00a0<\/p>\n

\n
\"Verizon\"<\/source><\/source><\/source><\/source><\/picture><\/div>\n
\n

A Verizon Wireless retail location in Indianapolis.<\/span> (istock \/ iStock)<\/span><\/p>\n<\/div>\n<\/div>\n

Verizon Consumer CEO Sowmyanarayan Sampath previously said that “one of the biggest things we see is when you bundle fiber with mobility, we see up to a 50% reduction in our mobility churn. And that’s really important for us. And we also see a 40% reduction in fiber churn as well when we bundle the two.”\u00a0<\/p>\n

Bank of America analysts also said this type of deal could presumably boost the number of people<\/a> who bundle fiber and wireless. Verizon believes up to 40% of customers could eventually choose to do so.\u00a0<\/p>\n

\n
<\/div>\n<\/div>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/a><\/p>\n

The deal is expected to close in 18 months and is subject to shareholder and certain regulatory approvals.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

close video FOX Business Flash top headlines for September 5 Check out what’s clicking on FoxBusiness.com. Verizon Communications Inc. on Thursday announced plans to acquire Frontier Communications in an all-cash transaction valued at $20 billion, which is expected to expand Verizon’s fiber footprint nationwide.\u00a0 Verizon told FOX Business that this deal would effectively accelerate the […]<\/p>\n","protected":false},"author":1,"featured_media":17545,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/cissar.com\/index.php\/wp-json\/wp\/v2\/posts\/17544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cissar.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cissar.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cissar.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cissar.com\/index.php\/wp-json\/wp\/v2\/comments?post=17544"}],"version-history":[{"count":1,"href":"https:\/\/cissar.com\/index.php\/wp-json\/wp\/v2\/posts\/17544\/revisions"}],"predecessor-version":[{"id":17632,"href":"https:\/\/cissar.com\/index.php\/wp-json\/wp\/v2\/posts\/17544\/revisions\/17632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cissar.com\/index.php\/wp-json\/wp\/v2\/media\/17545"}],"wp:attachment":[{"href":"https:\/\/cissar.com\/index.php\/wp-json\/wp\/v2\/media?parent=17544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cissar.com\/index.php\/wp-json\/wp\/v2\/categories?post=17544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cissar.com\/index.php\/wp-json\/wp\/v2\/tags?post=17544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}