Frontier Communications is a broadband and telecom provider serving consumers and businesses across 25 states. Fiber broadband is the core product — Frontier sells high-speed internet access over a fiber-optic network it has been aggressively building since 2020. As of end-2024, Frontier had roughly 3.1 million broadband customers and had passed about 7.8 million locations with fiber. Frontier's fiber product delivers symmetrical gigabit speeds, with speed tiers ranging from 200 Mbps to 5 Gbps. Beyond residential broadband, Frontier sells voice, video, and networking services to businesses ranging from SMBs to Fortune 1000 enterprises and government entities, and sells wholesale access to other carriers. Frontier generates revenue primarily through monthly subscription fees. The business has a classic infrastructure investment profile: heavy upfront capital spending on fiber construction, with returns accruing over time as more customers connect and ARPU grows. The key revenue drivers are fiber passings (expanding the addressable base), penetration of passed locations (targeting 45%+), and ARPU growth of 3-4% annually through speed tier upgrades and price increases. The legacy copper business is in structural decline as Frontier migrates customers to fiber. Frontier is the largest pure-play fiber internet provider in the U.S. In September 2024, Frontier entered into a merger agreement with Verizon at $38.50 per share in cash, with closing expected by Q1 2026 pending regulatory approval.