Frontier’s $20 Billion Acquisition by Verizon

On September 5, 2024, Verizon Communications Inc. and Frontier Communications Parent, Inc. ("Frontier"), the largest pure-play fiber provider in the U.S., announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all-cash transaction valued at $20 billion. Cravath is representing Frontier in connection with the transaction.

The Cravath team is led by partners Robert I. Townsend III, George F. Schoen and Matthew G. Jones and includes associates Edward O. Minturn, Maria Ricaurte, Harold C. King, Elisabeth Lopez, Nigle B. Barrow III, T. Henley Hopkinson and Priya Patel on M&A matters; partners Joseph D. Zavaglia and Stephen M. Kessing and associate Kathryn Kennedy Bleday on financing matters; partner J. Leonard Teti II and associates Carlos Nicholas Obando, Christopher M. Winters and Michael Pelle on tax matters; partner Amanda Hines Gold and associate Nicholas J. Celli on executive compensation and benefits matters; partner Sasha Rosenthal-Larrea, of counsel Kathryn-Ann Stamm and associates Joanne Dynak and Leslie Liu on intellectual property matters; partners Noah Joshua Phillips and Jesse M. Weiss, of counsel Michael B. Singer and associate Lavinia M. Borzi on antitrust matters; partner Matthew Morreale and associate Star S. Gulant on environmental matters; and senior attorney Joyce Law and practice area attorney Brian M. Budnick on real estate matters. Oscar Porter also worked on executive compensation and benefits matters.