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Verizon | 8-K: Verizon and Frontier merger agreement and plans

Verizon | 8-K: Verizon and Frontier merger agreement and plans

Verizon | 8-K：Verizon与Frontier合并协议及计划
美股SEC公告 ·  09/05 06:57

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On September 4, 2024, Verizon Communications Inc. announced a definitive agreement to acquire Frontier Communications Parent, Inc. in an all-cash transaction valued at $20 billion. The deal, expected to close in approximately 18 months, is subject to approval by Frontier shareholders and regulatory approvals. Verizon will purchase Frontier for $38.50 per share, a 43.7% premium over Frontier's 90-day volume-weighted average share price as of September 3, 2024. This acquisition will significantly expand Verizon's fiber footprint, adding 2.2 million fiber subscribers from Frontier and extending its network reach to 25 million premises across 31 states and Washington, D.C. The transaction is anticipated to be accretive to Verizon's revenue and Adjusted EBITDA growth rates upon closing and is projected to generate at least $500 million in annual run-rate cost synergies by year three. Verizon reaffirmed its full-year 2024 guidance, including total wireless service revenue growth of 2.0 to 3.5 percent and Adjusted EPS of $4.50 to $4.70. The acquisition aligns with Verizon's strategy to grow and strengthen customer relationships and expand its share of the nationwide broadband market.
On September 4, 2024, Verizon Communications Inc. announced a definitive agreement to acquire Frontier Communications Parent, Inc. in an all-cash transaction valued at $20 billion. The deal, expected to close in approximately 18 months, is subject to approval by Frontier shareholders and regulatory approvals. Verizon will purchase Frontier for $38.50 per share, a 43.7% premium over Frontier's 90-day volume-weighted average share price as of September 3, 2024. This acquisition will significantly expand Verizon's fiber footprint, adding 2.2 million fiber subscribers from Frontier and extending its network reach to 25 million premises across 31 states and Washington, D.C. The transaction is anticipated to be accretive to Verizon's revenue and Adjusted EBITDA growth rates upon closing and is projected to generate at least $500 million in annual run-rate cost synergies by year three. Verizon reaffirmed its full-year 2024 guidance, including total wireless service revenue growth of 2.0 to 3.5 percent and Adjusted EPS of $4.50 to $4.70. The acquisition aligns with Verizon's strategy to grow and strengthen customer relationships and expand its share of the nationwide broadband market.
2024年9月4日，Verizon通信公司宣布达成协议，以现金收购Frontier通信母公司，交易价值200亿美元。预计交易将在约18个月内达成，并需获得Frontier股东和监管机构的批准。Verizon将以每股38.50美元的价格购买Frontier股份，较2024年9月3日为止的90日成交量加权平均股价溢价43.7%。这项收购将显著扩大Verizon的光纤覆盖范围，从Frontier那里获取220万光纤订阅用户，并将其网络覆盖范围扩展至31个州和华盛顿特区的2500万个住宅。预计此交易在达成后将对Verizon的营业收入和调整后的EBITDA增长率产生增值效应，并计划在第三年至少产生5亿美元的年度运营成本协同效益。Verizon重申了其2024财年的全年指引，包括无线服务总收入增长率为2.0至3.5%，调整后的每股收益为4.50至4.70美元。此次收购与Verizon的策略一致，旨在增长和巩固客户关系，并扩大其在全国范围内的宽带市场份额。
2024年9月4日，Verizon通信公司宣布达成协议，以现金收购Frontier通信母公司，交易价值200亿美元。预计交易将在约18个月内达成，并需获得Frontier股东和监管机构的批准。Verizon将以每股38.50美元的价格购买Frontier股份，较2024年9月3日为止的90日成交量加权平均股价溢价43.7%。这项收购将显著扩大Verizon的光纤覆盖范围，从Frontier那里获取220万光纤订阅用户，并将其网络覆盖范围扩展至31个州和华盛顿特区的2500万个住宅。预计此交易在达成后将对Verizon的营业收入和调整后的EBITDA增长率产生增值效应，并计划在第三年至少产生5亿美元的年度运营成本协同效益。Verizon重申了其2024财年的全年指引，包括无线服务总收入增长率为2.0至3.5%，调整后的每股收益为4.50至4.70美元。此次收购与Verizon的策略一致，旨在增长和巩固客户关系，并扩大其在全国范围内的宽带市场份额。
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