Verizon Receives California Approval for Frontier Acquisition, Expanding Fiber Access to 30 Million Homes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
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Source: Globenewswire
- Closing Timeline: Verizon and Frontier's acquisition has received California regulatory approval and is expected to close on January 20, 2026, marking a significant milestone that will accelerate Verizon's national mobility and broadband convergence strategy.
- Expanded Coverage: Upon closing, Verizon's fiber network will reach nearly 30 million homes and businesses, significantly enhancing its market share across 31 states and Washington, D.C., thereby increasing customer choice and value.
- New Service Launch: After the transaction closes, customers of both Verizon and Frontier are expected to gain access to new mobile and home internet services, which will provide unique savings and value, further driving customer loyalty and competitive positioning.
- Strategic Implications: This acquisition will unlock significant cross-sell opportunities for Verizon by leveraging Frontier's high-quality customer base, reinforcing the company's leadership in the fiber market and supporting future growth and shareholder returns.
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Analyst Views on FYBR
Wall Street analysts forecast FYBR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FYBR is 38.50 USD with a low forecast of 38.50 USD and a high forecast of 38.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 38.490
Low
38.50
Averages
38.50
High
38.50
Current: 38.490
Low
38.50
Averages
38.50
High
38.50
About FYBR
Frontier Communications Parent, Inc. is a pure-play fiber provider in the United States. The Company offers a portfolio of communications and technology services for consumer and business customers. These services are offered on either a standalone basis or in a bundled package based on individual customer needs. Its services include data and Internet services, voice services, video services, access services, advanced hardware and network solutions, and bundles. It offers voice services, including data-based Voice Over Internet Protocol (VoIP) and unified communications as a service (UCaaS), long-distance and voice messaging services, to consumer and business customers in all its markets. It provides video services under the Frontier TV brand in some of its markets, including portions of California, Indiana, Texas, Florida, and Connecticut. Its switched access services allow other carriers to use its facilities to originate and terminate their local and long-distance voice traffic.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Valuation Advantage: Although the service disruption led to a slight decline in stock price, Verizon's forward P/E ratio now stands at approximately 8.1, significantly lower than AT&T's and T-Mobile's ratios of 10.6 and 15.7, indicating that its stock is more attractive for long-term investors.
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Verizon Communications Faces 1M Customer Outage, Offers $20 Credit
- Service Disruption: On January 14, 2026, Verizon Communications experienced a service outage affecting over 1 million customers for several hours, which harmed the company's public image but is expected to have limited financial repercussions.
- Compensation Plan: The company announced a $20 credit for affected users, which could cost around $20 million, and while some customers may switch carriers, historical data suggests that the impact is typically short-lived.
- Acquisition Update: On January 15, 2026, Verizon confirmed that all regulatory approvals for its acquisition of Frontier Communications have been completed, with the deal expected to close on January 20, 2026, expanding its fiber access to nearly 30 million homes and businesses.
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