Verizon bets on fiber's staying power as it acquires Frontier for $20B

Some major consolidation is afoot in the world of internet communications — and it will have implications for competition and consumer internet access in U.S. On Thursday, Verizon announced that it would gobble up Frontier Communications for $20 billion — more than double Frontier's market cap at the close of trading the night before. Frontier offers internet, phone and TV services — it has also partnered with companies like Google and Amazon over the years to bundle other digital services or find new distr ...