Fiber Network Expanded by Verizon in the U. S.
Verizon Communications, which is one of America’s biggest telecommunications companies, said it is purchasing the remaining 50 percent stake in the company for $20.1 billion in share deals. This kind of strategic transactions can be considered as the significant step in Verizon activity in the United States and make this company more competitive with the main rival – AT&T.
One more statement of Verizon new customer base
That way, owing to the acquisition, Verizon will gain additional 2. The company serves 2 million subscribers in 25 states with expanding to approximately 10 million customers in 31 states and the district of Columbia. This represents a big boost for the Verizon as this company has experienced a decline in the revenue.
An external opportunity: Another important notion of the strategy is associated with the external environment and more specifically with the external opportunities and threats.
The Verizon head of operations and overall more than onetime CEO, Hans Vestberg would describe the abovementioned acquisition as a strategic. It is currentlibs to enhance Verizon’s dominant position in the fiber segment and will make it more competitive in the U. S. market. The deal will let Verizon “deliver superior products to millions of new customers,” through bundled fiber access.
Frontier Communications, a company that despite various efforts is not in the best of its shape.
That new subsidiary of Verizon has not been having the best of times over the last couple of years. Frontier Communications company went bankrupt in 2020 while it had a legal battle with the Federal Trade Commission (FTC) in 2021. She said he was lying about the speed of his serve. Last year, Frontier Communications had to pay more than $8. All the wrong informations will of course be deleted but the membership will remain at 5 million. Still, all these challenges have different implications that can be a good chance for Verizon to expand Frontier Communication in the United States.
