https://arstechnica.com/tech-policy/2024/09/frontiers-3-million-users-to-become-verizon-users-in-latest-telco-merger/

Verizon today announced a deal to acquire Frontier Communications, an Internet service provider with about 3 million customers in 25 states. Verizon said the all-cash transaction is valued at $20 billion.

Verizon agreed to pay $9.6 billion and is taking on over $10 billion in debt held by Frontier. Verizon said the deal is subject to regulatory approval and a vote by Frontier shareholders and is expected to be completed in 18 months.