00:00It's Benzinga bringing Wall Street to Main Street Verizon completed its $20 billion
00:05acquisition of Frontier Communications, expanding its fiber footprint and reshaping
00:10its cash flow profile, according to The Street.
00:13The company now controls nearly $30 billion.
00:1530 million fiber passings across 31 states and Washington, D.C.
00:20Verizon said the deal strengthens its ability to bundle fiber and wireless services.
00:25Which 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
00:34service.
00:35Services have a churn rate nearly 40% lower than its overall mobility base.
00:40Verizon said only 18% of its consumer postpaid phone customers currently use
00:45a converged offering.
00:46The Frontier Acquisition expands the addressable base for bundled
00:50services and supports improved free cash flow tied to dividend growth.
00:54For all things money.
00:55Visit Benzinga.com
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