Frontier Communications - M&A Summary and Business Overview

CommunicationsCompany

Frontier Communications M&A Summary

Frontier Communications has acquired 6 companies. It has also divested 3 assets.

Frontier Communications’ largest acquisition to date was in 2015, when it acquired Verizon Communications - Wireline Operations in California Florida and Texas for $10.5B. It’s largest disclosed sale occurred in 2019, when it sold Ziply Fiber to Searchlight Capital Partners for $1.4B. Frontier Communications has acquired in 5 different US states. The Company’s most targeted sectors include communications (100%).

Frontier Communications Business Overview

Where is Frontier Communications headquartered?

Frontier Communications is headquartered in Norwalk, Connecticut.

What is Frontier Communications’ revenue?

Frontier Communications disclosed revenue of 5,787M USD for 2022 and 7,155M USD for 2020.

How many employees does Frontier Communications have?

Frontier Communications has 14,708 employees.

What sector is Frontier Communications in?

Frontier Communications is a communications company.

When was Frontier Communications founded?

Frontier Communications was founded in 1935.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity6
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 6

Frontier Communications

Frontier Communications Parent, Inc.

401 Merritt 7,
Norwalk, Connecticut 06851
United States,
(203) 614-5600
www.frontier.com

Frontier Communications is a provider of broadband, voice, satellite video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for residential customers, small businesses, and home offices, and advanced communications for medium and large businesses in 27 states. Frontier Communications was founded in 1935 and is headquartered in Norwalk, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $22.5B $22.5B
Sell (0.0/yr) # 3 - - - - - 3
vol $1.4B $1.4B
  9

Most Recent M&A

Company Date Value Type
Ziply Fiber 2019-05-29 1.4B USD Divestiture
Everett, Washington · www.ziplyfiber.com
Frontier Communications Corp. - Wireless Towers 2019-01-22 - Divestiture
Norwalk, Connecticut
Verizon Communications Inc. - Wireline Operations in California, Florida and Texas 2015-02-05 10.5B USD Divestiture
New York, New York
New Cingular Wireless Services, Inc. 2013-12-17 200M USD Add-on Acquisition
Redmond, Washington
AT&T Wireline, Broadband and Video Operations 2013-12-17 2.0B USD Divestiture
, Connecticut
Verizon Access Lines Assets 2009-05-13 8.6B USD Divestiture
New York, New York
Commonwealth Telephone Enterprises LLC 2006-09-18 1.2B USD Add-on Acquisition
Dallas, Pennsylvania
Citizens Communications - Conferencing Services Division 2005-03-15 41M USD Divestiture
Chicago, United States
Navajo Communications Company, Inc. 1994-10-31 - Divestiture
Cookeville, Tennessee
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 6 (100%) 22.5B (100%) 3 (100%) 1.4B (100%)
Total 6 $22.5B 3 $1.4B

By Geo

State/Country Buy Value Sell Value
United States 6 22.5B 3 1.4B
  New York 2 19.1B - -
  Washington 1 200M 1 1.4B
  Connecticut 1 2.0B 1 -
  Tennessee 1 - - -
  Pennsylvania 1 1.2B - -
Total 6 $22.5B 3 $1.4B

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 2
J.P. Morgan Securities
 2
Evercore Group
 2
Legal Deals
Cravath, Swaine & Moore LLP
 3
Kilpatrick Townsend & Stockton LLP
 1
Skadden, Arps, Slate, Meagher & Flom LLP
 1

Deal Values

buy # Total
> $1B 4 $22.3B
$100M to $1B 1 $200M
TOTAL $22.5B
Largest Verizon Communications Inc. - Wireline Operations in California, Florida and Texas
$10.5B (2015-02-05)
sell # Total
> $1B 1 $1.4B
< $100M 1 $41M
TOTAL $1.4B
Largest Ziply Fiber
$1.4B (2019-05-29)

M&A Connections

Deals
Acquired from
Strategic(s)
67%
4 (67%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Communications

Revenue

5,787   2022
7,155   12% 2020
8,107   6% 2019
8,611   6% 2018
9,128   3% 2017
8,896   60% 2016
5,576   17% 2015
4,772   1% 2014
4,761   5% 2013
5,011   2012
(millions of USD) Show More Show Less

Employees

14,708

Established

1935

Public

NASDAQ: FYBR

Former Name

Frontier Communications Corp.

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