Verizon sees Frontier Communications deal accretive to revenue, EBITDA

The transaction is expected to be accretive to Verizon’s revenue and adjusted EBITDA growth rates upon closing. Verizon expects to realize at least $500M in run-rate cost synergies by year three from benefits of increased scale and distribution and network integration. Following the closing of the transaction, Verizon will continue to have a strong balance sheet and liquidity profile. The company will maintain its capital allocation priorities, characterized by prudent investment in the business, a commitment to maintaining an industry-leading dividend and continued debt reduction.