Frontier Purchase Won't Change Fixed Wireless Strategy: Verizon CEO

WASHINGTON, September 9, 2024 – Just because Verizon inked a $20 billion deal to buy Frontier and its 7.2 million fiber passings doesn’t mean the company’s backing off of fixed wireless, Verizon’s CEO said Monday.

“Doing the Frontier deal does not change anything in my appetite to continue with fixed wireless,” Verizon CEO Hans Vestberg said at a Goldman Sachs conference Monday. “I think it’s just a unique product that’s competing well.”

Verizon stands to gain Frontier’s 2.2 million fiber subscribers, bringing its total to about 10 million. The company has 3.8 million subscribers to fixed broadband via excess capacity on its 5G network, behind T-Mobile’s 5.5 million but well ahead of AT&T’s 350,000.