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00:03Verizon completed its $20 billion acquisition of Frontier Communications,
00:07expanding its fiber footprint and reshaping its cash flow profile, according to The Street.
00:13The company now controls nearly 30 million fiber passings across 31 states and Washington, D.C.
00:20Verizon said the deal strengthens its ability to bundle fiber and wireless services,
00:24which it described as a driver of lower churn and higher customer lifetime value.
00:30During its third quarter earnings call, Verizon said customers using both mobility and fiber services
00:35have a churn rate nearly 40% lower than its overall mobility base.
00:40Verizon said only 18% of its consumer postpaid phone customers currently use a converged offering.
00:46The Frontier acquisition expands the addressable base for bundled services
00:50and supports improved free cash flow tied to dividend growth.
00:53For all things money, visit Benzinga.com.
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