$38.50-per-share Frontier buyout closes at Verizon (NYSE: VZ)

Rhea-AI Filing Summary

Verizon Communications Inc. has completed its previously announced acquisition of Frontier Communications Parent, Inc. under a merger agreement dated September 4, 2024. A Verizon subsidiary, France Merger Sub Inc., merged with and into Frontier, and Frontier survived as a wholly owned subsidiary of Verizon.

At the effective time of the merger, each outstanding share of Frontier common stock was cancelled and converted into the right to receive $38.50 in cash per share, without interest. Shares already owned by Verizon, Frontier or the merger subsidiary were cancelled with no payment. This transaction moves Frontier fully under Verizon’s corporate control.

Insights

M&A and capital allocation analyst

Verizon closes all-cash acquisition of Frontier at $38.50 per share.

Verizon Communications Inc. has finalized the acquisition of all outstanding shares of Frontier Communications Parent, Inc. via a merger of a Verizon subsidiary into Frontier. Frontier now operates as a wholly owned subsidiary, meaning Verizon controls 100% of Frontier’s equity and governance through this structure.

The consideration for Frontier shareholders is an all-cash payment of $38.50 per share, without interest, for each share of common stock outstanding at the effective time. Shares already held by Verizon, Frontier, or the merger subsidiary were cancelled for no consideration, which avoids paying cash on intra‑group or treasury-type holdings.

This is a completed, not proposed, transaction, executed under a merger agreement originally signed on September 4, 2024 and effective on January 20, 2026. Actual financial impact for Verizon will depend on how Frontier’s operations, assets and liabilities are integrated, which should be detailed in subsequent company filings.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report: January 20, 2026

(Date of earliest event reported)

VERIZON COMMUNICATIONS INC.

(Exact name of registrant as specified in its charter)

Delaware		1-8606		23-2259884
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

1095 Avenue of the Americas
New York, New York				10036
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: (212) 395-1000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of Each Exchange on Which Registered
Common Stock, par value $0.10		VZ		New York Stock Exchange
Common Stock, par value $0.10		VZ		The Nasdaq Global Select Market
1.375% Notes due 2026		VZ 26B		New York Stock Exchange
0.875% Notes due 2027		VZ 27E		New York Stock Exchange
1.375% Notes due 2028		VZ 28		New York Stock Exchange
1.125% Notes due 2028		VZ 28A		New York Stock Exchange
2.350% Fixed Rate Notes due 2028		VZ 28C		New York Stock Exchange
1.875% Notes due 2029		VZ 29B		New York Stock Exchange
0.375% Notes due 2029		VZ 29D		New York Stock Exchange
1.250% Notes due 2030		VZ 30		New York Stock Exchange
1.875% Notes due 2030		VZ 30A		New York Stock Exchange
4.250% Notes due 2030		VZ 30D		New York Stock Exchange
2.625% Notes due 2031		VZ 31		New York Stock Exchange
2.500% Notes due 2031		VZ 31A		New York Stock Exchange
3.000% Fixed Rate Notes due 2031		VZ 31D		New York Stock Exchange
0.875% Notes due 2032		VZ 32		New York Stock Exchange
0.750% Notes due 2032		VZ 32A		New York Stock Exchange
3.500% Notes due 2032		VZ 32B		New York Stock Exchange
3.250% Notes due 2032		VZ 32C		New York Stock Exchange
1.300% Notes due 2033		VZ 33B		New York Stock Exchange
4.75% Notes due 2034		VZ 34		New York Stock Exchange
4.750% Notes due 2034		VZ 34C		New York Stock Exchange
3.125% Notes due 2035		VZ 35		New York Stock Exchange
1.125% Notes due 2035		VZ 35A		New York Stock Exchange
3.375% Notes due 2036		VZ 36A		New York Stock Exchange
3.750% Notes due 2036		VZ 36B		New York Stock Exchange
3.750% Notes due 2037		VZ 37B		New York Stock Exchange
2.875% Notes due 2038		VZ 38B		New York Stock Exchange
1.875% Notes due 2038		VZ 38C		New York Stock Exchange
1.500% Notes due 2039		VZ 39C		New York Stock Exchange
3.50% Fixed Rate Notes due 2039		VZ 39D		New York Stock Exchange
1.850% Notes due 2040		VZ 40		New York Stock Exchange
3.850% Fixed Rate Notes due 2041		VZ 41C		New York Stock Exchange
3.9962% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056		VZ 56		New York Stock Exchange
5.7420% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056		VZ 56A		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On January 20, 2026, Verizon Communications Inc. (“Verizon”) completed the previously announced acquisition of Frontier Communications Parent, Inc. (“Frontier”) and related transactions pursuant to the Agreement and Plan of Merger, dated as of September 4, 2024 (the “Merger Agreement”), by and among Verizon, Frontier and France Merger Sub Inc., a subsidiary of Verizon (“Merger Sub”). Pursuant to the Merger Agreement, Merger Sub merged with and into Frontier, with Frontier surviving such merger as the surviving corporation and a wholly owned subsidiary of Verizon.

At the effective time of the merger (the “Effective Time”), each share of common stock, $0.01 par value per share, of Frontier issued and outstanding immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash equal to $38.50 per share, without interest (other than any shares that were owned by Verizon, Frontier or Merger Sub immediately prior to the Effective Time, which were cancelled for no consideration).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				VERIZON COMMUNICATIONS INC.
Date: January 20, 2026				By		/s/ William L. Horton, Jr.
						William L. Horton, Jr.
						Senior Vice President, Deputy General Counsel and Corporate Secretary

FAQ

What did Verizon (VZ) announce in its January 20, 2026 8-K?

Verizon reported that it completed the acquisition of Frontier Communications Parent, Inc.. A Verizon subsidiary merged with Frontier, and Frontier survived the merger as a wholly owned subsidiary of Verizon.

How much are Frontier shareholders receiving in the Verizon acquisition?

Each share of Frontier common stock outstanding immediately before the merger’s effective time is entitled to receive $38.50 in cash per share, without interest, under the merger agreement.

What happened to Frontier shares already owned by Verizon or its merger subsidiary?

Any Frontier shares that were owned by Verizon, Frontier, or France Merger Sub Inc. immediately prior to the effective time of the merger were cancelled for no consideration, meaning no cash payment was made on those shares.

What is Frontier’s status after the Verizon transaction closes?

Following the merger, Frontier Communications Parent, Inc. continues as the surviving corporation but is now a wholly owned subsidiary of Verizon Communications Inc., giving Verizon full corporate ownership of Frontier.

When was the Verizon–Frontier merger agreement signed and when did it close?

The Agreement and Plan of Merger was dated September 4, 2024, and the transaction was reported as completed on January 20, 2026, when the merger became effective.

Is the Verizon–Frontier deal a stock or cash transaction for Frontier shareholders?

For Frontier shareholders, the merger consideration is entirely in cash. Each outstanding Frontier common share is converted into the right to receive $38.50 per share, without interest.