Verizon(NYSE: VZ) announced a $20 billion acquisition of Frontier Communications Parent(NASDAQ: FYBR) this week in an effort to expand fiber services in the U.S. The price tag is high, but there's a reason this could pay off, and it has more to do with bundling than just fiber. Travis Hoium digs into the good and the bad of this deal in this video.
*Stock prices used were end-of-day prices of Sept. 5, 2024. The video was published on Sept. 6, 2024.
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Travis Hoium has positions in Verizon Communications. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
