Verizon to buy Frontier in $20 bln deal to boost US fiber network

Verizon said on Thursday it will buy fiber-optic internet provider Frontier Communications in an all-cash deal worth $20 billion, as the US wireless carrier looks to grow its subscriber base.

The deal will also help one of the biggest US network providers better compete against rivals AT&T and T-Mobile as they double down on unlimited plans and bundling options.