Verizon Communications Inc. · NYSE:VZ
Verizon Communications — Merger or Acquisition (September 2024)
13 slides from Verizon Communications's merger presentation, Sep 5, 2024
Slide 1: Verizon to acquire Frontier
Verizon to acquire Frontier Expands fiber network to accelerate offering of premium broadband and mobility services to more customers nationwide September 5, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements In this communication, we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of o
Slide 3: Transaction will bring strategic, customer and financial benefits
Transaction will bring strategic, customer and financial benefits Expands addressable Furthers Verizon’s markets – accelerates strength and product offerings of premium differentiation in mobility broadband and mobility to and home more customers nationwide + Extends Verizon’s choices Enhances leadi
Slide 4: Frontier brings a complementary, cutting-edge fiber network
Frontier brings a complementary, cutting-edge fiber network About Frontier Planned fiber footprint of Frontier’s NPS is Verizon 10M 6x stores homes by 2026 up higher than the throughout Frontier from > 7M today closest cable territory competitor(1) 2.2M 50%+ fiber subscribers of revenue and over 25
Slide 5: Verizon's strategic focus is on core mobility and broadband offerings
Verizon’s strategic focus is on core mobility and broadband offerings Today – Core Broadband Core Broadband + and Mobility Accelerating Launch of 5G Home, Premium Broadband Core Mobility myPlan, and myHome Nationwide mmWave, C-Band Value Segment and CBRS Network Reach TracFone spectrum Verizon Intel
Slide 6: Fiber and FWA are winning by providing customer choice
Fiber and FWA are winning by providing customer choice Fiber and FWA taking all industry adds Verizon will be uniquely positioned in both >100% ~10 million fiber subscribers and +3.8 million of Industry Net Add Growth Last 5 FWA between Verizon and Frontier today Quarters(1) Expanding network for my
Slide 7: Verizon mobile + home in 22 new states will benefit customers
Verizon mobile + home in 22 new states will benefit customers Proven track record of creating value through mobile & home convergence in the Fios base Expands Verizon’s fiber footprint Grows and strengthens customer relationships Extends Verizon’s offerings, choices and Combines Frontier’s broadband
Slide 8: Transaction overview and financial highlights
Transaction overview and financial highlights • All-cash consideration to Frontier Communications’ shareholders of $38.50 per share Structure • $38.50 per share price implies $20 billion of enterprise value and Terms • Existing debt at Frontier Communications is expected to be refinanced by Verizon
Slide 9: Significant synergy opportunity and financial benefits
Significant synergy opportunity and financial benefits • Network integration, 3rd party contract synergies and customer experience improvements At least • Go-to-market savings, including marketing and advertising and increased efficiencies $500M Run-Rate Operating Cost • Mobile & home cross-sell ben
Slide 10: Transaction will bring strategic, customer and financial benefits
Transaction will bring strategic, customer and financial benefits Expands addressable Furthers Verizon’s markets – accelerates strength and product offerings of premium differentiation in mobility broadband and mobility to and home more customers nationwide + Extends Verizon’s choices Enhances leadi
Slide 11: Q&A
Q&A
Slide 12: Important Additional Information and Where to Find It
Important Additional Information and Where to Find It In connection with the proposed transactions, Frontier intends to file with the SEC a proxy statement on Schedule 14A (the “Proxy Statement”) in preliminary and definitive form, the definitive version of which will be sent or provided to Frontier
Slide 13: Slide 13
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