Majority of Frontier stockholders approve of acquisition by Verizon

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

This article was originally published Brad Randall, Editor of our sister publicationBroadband 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 favour 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 fibre 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 fibre 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 fibre network.

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