Frontier Communications to acquire Verizon Communications for $11bn.

Frontier Communications, a communication services provider, has completed its acquisition of Verizon Communications, wireline operations providing services to residential, commercial and wholesale customers for $11bn. "This is a transformative acquisition for Frontier that delivers first-rate assets and important new opportunities given our dramatically expanded scale. It significantly expands our presence in three high-growth, high-density states, and improves our revenue mix by increasing the percentage of our revenues coming from segments with the most promising growth potential." Daniel J. McCarthy, Frontier's President and Chief Executive Officer.