Verizon Secures FCC Approval for $9.6 Billion Frontier Acquisition

The Federal Communications Commission has approved Verizon's $9.6 billion acquisition of Frontier Communications, valuing the Dallas-based company at $20 billion including debt. The approval comes after Verizon agreed to scale back diversity initiatives to comply with Trump administration policies. FCC Chairman Brendan Carr, who previously threatened to block mergers over DEI practices, praised the deal for its potential to "unleash billions in new infrastructure builds" and "accelerate the transition away from old, copper line networks to modern, high-speed ones." The acquisition positions America's largest phone carrier to expand its high-speed internet footprint across Frontier's 25-state network. Verizon plans to deploy fiber to more than one million U.S. homes annually following the transaction.

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