Frontier Communications Parent (FYBR) Proxy Filing summary

Executive summary

• Announced a definitive agreement for acquisition by Verizon, aiming to accelerate broadband and mobility services nationwide and expand digital infrastructure access.

• Transaction expected to close in approximately 18 months, subject to shareholder and regulatory approvals; both companies remain independent until closing.

• Employees are encouraged to maintain focus on current strategy and operations, with ongoing communication promised throughout the process.

• The acquisition is positioned as a result of four years of transformation and strategic execution, with anticipated benefits for growth and development.

Voting matters and shareholder proposals

• Shareholder approval is required for the transaction to proceed, with a proxy statement to be filed and distributed.

• Investors and stockholders are urged to read all relevant SEC filings for important information about the proposed transaction.

Board of directors and corporate governance

• The Board and Executive Committee conducted a detailed strategic review before agreeing to the acquisition, considering all available options.

• Directors, executive officers, and other management may be deemed participants in the proxy solicitation process.