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Verizon closes in on deal for Frontier Communications: WSJ

Investing.com -- Verizon is reportedly in talks to buy fiber provider Frontier Communications (OTC:FTRCQ) (NASDAQ:FYBR) as the telecoms giant looks to close the gap on rivals including AT&T (NYSE:T), the Wall Street Journal reported Wednesday, citing people familiar with the matter. 

If the talks don’t hit any last-minute snags, confirmation of the deal could come as soon as this week, the sources told the Journal. With a market cap of over $7 billion, Frontier could fetch a sizable price tag.

Frontier Communications jumped 8%, while Verizon Communications Inc (NYSE:VZ) fell 2.7%. 

 

 

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.