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FCC approves Verizon’s $20bn acquisition of Frontier following DEI u-turn
The Federal Communications Commission (FCC) has approved Verizon’s proposed $20 billion acquisition of Frontier Communications. The deal has been approved by the regulator after Verizon agreed to end its diversity, equity, and inclusion programs (DEI).
Verizon Purchase Of Frontier Communications For $20 Billion Is Approved
The FCC’s Wireline Competition Bureau approved Verizon’s $20 billion acquisition of Frontier. Locally, Frontier is the traditional copper landline and DSL provider in Walnut Hill, Molino, Bratt, and Atmore. Last September, Verizon agreed to buy Frontier for about $9.6 billion and absorb $10 billion in Frontier debt.
Verizon (VZ) , one of the top mobile providers in the U.S., has opted to make a desperate move to secure a $20 billion deal to expand its fiber internet services nationwide. In September last year, ...
Even if Connecticut regulators approve Verizon's acquisition of Frontier's Connecticut's franchise, the deal isn't expected ...
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