Verizon reportedly in talks to buy Frontier Communications

Verizon Communications Inc. is in advanced talks to acquire rival telecommunications operator Frontier Communications Parent Inc., according to a person familiar with the negotiations.

An all-cash deal between the two companies could be announced as early as Thursday, said the person, who asked not to be named because it was non-public information. A representative for Frontier declined to comment. A Verizon spokesman did not immediately respond to a request for comment.