Verizon (VZ) to Acquire Frontier Communications, Targeting $500 Million in Synergies

Verizon Communications Inc. (NYSE:VZ) ranks among the best communication services stocks to buy now. Verizon Communications Inc. (NYSE:VZ) attended the Goldman Sachs Communicopia + Technology Conference 2025 on September 8. The company’s strategic strategy was presented by CEO Hans Vestberg during the conference.

Notably, the company announced intentions to acquire Frontier Communications with the expectation of cost synergies of $500 million. In terms of financials, Verizon paid off about $7 billion in debt in the second quarter and saw a 4% increase in EBITDA.

With profit margins in the mid-30% range, the company’s benefits platform also generates $2 billion a year.

Meanwhile, Fixed Wireless Access (FWA) has reached 5 million users and plans to have 8 to 9 million by 2028.

Verizon Communications Inc. (NYSE:VZ) is a leading provider of technology, entertainment, and communication services worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.