Verizon buying Frontier in $20B deal to strengthen its fiber network

Verizon is buying Frontier Communications in a $20 billion deal that helps bolster its fiber network. Verizon Communications Inc. said Thursday that the transaction will also help it in the areas of artificial intelligence and IoT. Frontier has concentrated heavily on its fiber network capabilities over about the last four years, investing $4.1 billion upgrading and expanding its fiber network. It now gets more than half of its revenue from fiber products.