Frontier acquisition closed for $9.8B; operating income fell 12% on $746M JV loss

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 25, 2025 · ~2 min read

Key Changes

• high

  Verizon completed the Frontier acquisition on Jan 20, 2026, paying $9.8B cash and assuming $12.9B debt, expanding fiber footprint from 9 to 31 states. Fiber broadband connections rose 43.3% YoY to 10.9M.

  Notes: Frontier acquisition closing view on EDGAR →
• high

  Operating income fell 12% YoY ($8.2B → $7.2B) driven by a $746M loss on the international wireline business held for sale (BT joint venture), $397M severance charges, and $396M Frontier integration costs.

  MD&A: Operating income decline verify on EDGAR →
• high

  Verizon entered a 50/50 joint venture with BT Group to combine international wireline businesses, contributing its business plus $625M cash. The $746M Q2 2026 loss writes down the disposal group to fair value less costs to sell. Closing subject to regulatory approvals.

  Notes: BT joint venture transaction view on EDGAR →