The transaction, which awaits regulatory approval, would extend Verizon’s fiber network to a size that would rival major competitors like AT&T and Comcast by adding back lines i

With two days until the approval vote from shareholders, Verizon’s proposed acquisition of Dallas-based internet provider Frontier Communications is coming down to the wire. On Nov. 13, Frontier’s stockholders will decide whether to approve a $20 ...

Frontier Communications shareholders have approved a $9.6 billion sale to Verizon, the company said on Wednesday, even as a number of large investors sought to get a higher price. Shareholders had until Wednesday to cast their votes on a deal that Verizon's CEO Hans Vestberg called a "strategic fit" that would allow the company to be more competitive in additional markets.

In the deal, subject to regulatory approval, Verizon would acquire Frontier in an all-cash transaction worth $20 billion . Currently, Frontier serves over 2.2 million fiber subscribers across 25 states. If approved, the deal would give Verizon over 25 million fibre passings across 31 states.

Frontier Communications announced  its shareholders gave a stamp of approval for Verizon's proposed $20 billion deal to buy the company.

Proxy advisers ISS and Glass Lewis recommend Frontier Communications shareholders abstain from voting on sale to Verizon.

Verizon said in September it would buy Frontier at an offer price of $38.50 per share, as the U.S. telecom giant looks to build its fiber subscriber base and better compete with rivals such as AT&T.

DALLAS--Frontier Communications Parent, Inc. (NASDAQ: FYBR) ("Frontier" or the "Company") today announced that its stockholders approved the acquisition by Verizon Communications Inc. (NYSE, NASDAQ: VZ) ("Verizon") at its special meeting held on November 13,

Frontier Communications (FYBR) rises 2.6% as shareholders are set to approve sale to Verizon (VZ). WSJ report confirms deal approval.