Frontier Stock Jumps, Verizon Shares Slip After Journal Reports on Deal Talks
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Shares of Frontier Communications soared 38% after the Journal reported Verizon is in advanced talks to acquire the Dallas-based fiber provider. Verizon shares edged 3.4% lower. Read more: Verizon Nearing Deal for Frontier CommunicationsVerizon is in advanced talks to acquire Frontier Communications in a deal that would bolster the company’s fiber network to compete with rivals including AT&T.