Verizon closes $9.8B Frontier acquisition, expands fiber to 31 states; debt up 20%

Filed May 1, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 25, 2025 · ~1 min read

Key Changes

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  Frontier acquisition completed January 2026 for $9.8B cash plus $12.9B assumed debt, expanding fiber broadband footprint from 9 to 31 states. Fiber connections jumped 42% to 10.8M, but integration costs hit $261M in Q1.

  MD&A: Frontier Acquisition verify on EDGAR →
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  Total debt increased $28.9B to $172.5B (up 496.9%) driven by Frontier acquisition financing. Interest expense rose 19% to $1.94B despite stable rates, reflecting higher debt volumes.

  MD&A: Debt and Interest verify on EDGAR →
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  Board authorized $25B share repurchase program in January 2026; company executed $2.5B in Q1 through accelerated buybacks, acquiring 50.8M shares at $49.25 average price.

  MD&A: Capital Allocation verify on EDGAR →