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Verizon | 8-K: Minutes of the Meeting to Discuss the Merger Agreement

Verizon | 8-K: Minutes of the Meeting to Discuss the Merger Agreement

Verizon | 8-K：讨论合并协议的会议记录
美股SEC公告 ·  09/09 17:26
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On September 9, 2024, Verizon Communications Inc. discussed its strategic acquisition of Frontier Communications at the Goldman Sachs Communacopia and Technology Conference. Verizon's Chairman and CEO, Hans Vestberg, outlined the rationale behind the $20 billion deal, emphasizing its alignment with Verizon's strategy to expand its fiber footprint and address a larger total addressable market (TAM). The acquisition is expected to increase Verizon's fiber passings to nearly 30 million by 2026, significantly bolstering its broadband network. Vestberg also highlighted the financial benefits, noting the deal's accretive nature from day one in terms of revenue growth and EBITDA, with EPS and cash flow accretion following within a year. The transaction, subject to regulatory and stockholder approvals, is anticipated to close within 18 months. Vestberg reaffirmed Verizon's commitment to both fiber and fixed wireless access, indicating that the acquisition will not affect its fixed wireless strategy. The conference call also addressed the potential for market convergence and the value of offering customers a combination of services, which has been shown to reduce churn significantly.
On September 9, 2024, Verizon Communications Inc. discussed its strategic acquisition of Frontier Communications at the Goldman Sachs Communacopia and Technology Conference. Verizon's Chairman and CEO, Hans Vestberg, outlined the rationale behind the $20 billion deal, emphasizing its alignment with Verizon's strategy to expand its fiber footprint and address a larger total addressable market (TAM). The acquisition is expected to increase Verizon's fiber passings to nearly 30 million by 2026, significantly bolstering its broadband network. Vestberg also highlighted the financial benefits, noting the deal's accretive nature from day one in terms of revenue growth and EBITDA, with EPS and cash flow accretion following within a year. The transaction, subject to regulatory and stockholder approvals, is anticipated to close within 18 months. Vestberg reaffirmed Verizon's commitment to both fiber and fixed wireless access, indicating that the acquisition will not affect its fixed wireless strategy. The conference call also addressed the potential for market convergence and the value of offering customers a combination of services, which has been shown to reduce churn significantly.
2024年9月9日，verizon 通信公司在高盛通信-半导体和科技大会上讨论了对 Frontier 通信公司的战略收购。Hans Vestberg，verizon 的董事长兼首席执行官，阐明了这200亿美元交易的基本原理，并强调它与verizon扩展光纤业务范围和应对更大总地址able 市场 (TAM)的策略一致性。预计这次收购将使verizon 的光纤通过率到2026年达到近3000万户，显著增强其宽带网络。Vestberg 还强调了这次交易的财务好处，指出它对营收增长和 EBITDA 的带动作用是从第一天起的，每股收益 (EPS) 和现金流增长在一年内会随之而来。这笔交易需要获得监管部门和股东的批准，预计将在18个月内完成。Vestberg 重申了 verizon 在光纤和固定无线接入方面的承诺，并表示收购不会影响其固定无线策略。电话会议还讨论了市场融合的潜力和为客户提供多种服务组合的价值，据显示这大大减少了客户的流失。
2024年9月9日，verizon 通信公司在高盛通信-半导体和科技大会上讨论了对 Frontier 通信公司的战略收购。Hans Vestberg，verizon 的董事长兼首席执行官，阐明了这200亿美元交易的基本原理，并强调它与verizon扩展光纤业务范围和应对更大总地址able 市场 (TAM)的策略一致性。预计这次收购将使verizon 的光纤通过率到2026年达到近3000万户，显著增强其宽带网络。Vestberg 还强调了这次交易的财务好处，指出它对营收增长和 EBITDA 的带动作用是从第一天起的，每股收益 (EPS) 和现金流增长在一年内会随之而来。这笔交易需要获得监管部门和股东的批准，预计将在18个月内完成。Vestberg 重申了 verizon 在光纤和固定无线接入方面的承诺，并表示收购不会影响其固定无线策略。电话会议还讨论了市场融合的潜力和为客户提供多种服务组合的价值，据显示这大大减少了客户的流失。
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