M&A Deal Summary

Frontier Communications Parent Acquires Verizon Communications - Wireline Operations in California Florida and Texas

On February 5, 2015, Frontier Communications Parent acquired communications company Verizon Communications - Wireline Operations in California Florida and Texas from Verizon Communications for 10.5B USD

Acquisition Highlights
  • This is Frontier Communications Parent’s 6th transaction in the Communications sector.
  • This is Frontier Communications Parent’s largest (disclosed) transaction.
  • This is Frontier Communications Parent’s 6th transaction in the United States.
  • This is Frontier Communications Parent’s 2nd transaction in New York.

M&A Deal Summary
Date 2015-02-05
Target Verizon Communications - Wireline Operations in California Florida and Texas
Sector Communications
Buyer(s) Frontier Communications Parent
Sellers(s) Verizon Communications
Deal Type Divestiture
Deal Value 10.5B USD

Target

Verizon Communications - Wireline Operations in California Florida and Texas

New York, New York, United States
Verizon's Wireline Operations in California, Florida and Texas include 3.7 million voice connections, 2.2 million broadband connections, and 1.2 million FiOS® video connections.

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Buyer(S) 1

Buyer

Frontier Communications Parent

Dallas, Texas, United States
Category Company
Founded 1935
Sector Communications
Revenue 5.7B USD (2023)
DESCRIPTION

Frontier Communications Parent is a provider of broadband, voice, satellite video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for residential customers, small businesses, and home offices, and advanced communications for medium and large businesses in 27 states. Frontier Communications Parent was founded in 1935 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 6 of 6
Sector (Communications) 6 of 6
Type (Divestiture) 4 of 4
State (New York) 2 of 2
Country (United States) 6 of 6
Year (2015) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-17 New Cingular Wireless Services

Redmond, Washington, United States

New Cingular Wireless Services, Inc., doing business as AT&T Mobility, provides wireless communications service in the United States.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Frontier Communications - Wireless Towers

Norwalk, Connecticut, United States

Frontier Communications Corp. - Wireless Towers includes 100 wireless tower assets in Norwalk, Connecticut.

Sell -

Seller(S) 1

SELLER

Verizon Communications

New York, New York, United States
Category Company
Founded 1983
Sector Communications
Employees104,400
Revenue 134.0B USD (2023)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon Communications is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon Communications was founded in 1983 and is based in New York City.

DEAL STATS #
Overall 7 of 13
Sector (Communications) 5 of 7
Type (Divestiture) 6 of 12
State (New York) 2 of 5
Country (United States) 7 of 13
Year (2015) 1 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-22 Federal Network Systems

Ashburn, Virginia, United States

Federal Network Systems LLC provides systems integration and communication, information technology and data security solutions for the global market; with particular focus on supporting the Intelligence Community, the Department of Defense, and federal civilian customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-12 AOL

New York, New York, United States

AOL is a media technology company that produces, distributes, and monetizes by connecting publishers with advertisers on its global, programmatic content and advertising platforms. AOL was formed in 1985 and is based in New York, New York.

Buy $4.4B
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