Frontier to Be Acquired by Verizon in $20 Billion Deal

Paul, Weiss advised the strategic review committee of Frontier Communications Parent, Inc.'s board of directors in the company's sale to Verizon Communications Inc., valued at $20 billion, including debt. The all-cash transaction will integrate Frontier's cutting-edge fiber network into Verizon's leading portfolio of fiber and wireless assets, including its Fios offering. It is expected to close in March 2026, subject to approval by Frontier shareholders, receipt of certain regulatory approvals and other customary closing conditions.

The Paul, Weiss team is led by corporate partner Jeffrey Marell and counsel Stan Richards, and includes counsel Frances Mi; antitrust partners Scott Sher and Christopher Wilson; executive compensation partner Jarrett Hoffman; and litigation partners Geoffrey Chepiga and Andre Bouchard.