Verizon’s (VZ) deal to acquire Frontier Communications (FYBR) is a bet that combining wireless and wired networks will enhance its proposition for consumers and return the telecommunications giant to growth. It’s likely only the first of several dominoes to fall, Nicholas Jasinski writes in this week’s edition of Barron’s. At its core, the deal is a bet on “convergence.” On the back end, that means a unified network infrastructure for servicing wireless towers and individual homes with data, voice, and other connectivity. For consumers, it means bundling wireless phone, home internet, TV, and other services under one subscription, the author adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VZ:
- Verizon Expands Fiber Footprint with Frontier Acquisition
- Frontier Communications downgraded to Neutral from Buy at UBS
- BofA moves to No Rating on Frontier Communications after Verizon deal
- Verizon price target lowered to $44 from $46 at KeyBanc
- Frontier upgraded to Equal Weight from Underweight at Wells Fargo