FCC approves Verizon's $20 billion merger with Frontier

The FCC has announced its support of the merger betwixt communications giants Verizon and Frontier, aft a deal was made past year. Verizon volition get Frontier Communications for $9.6 cardinal successful cash, successful summation to absorbing $10 cardinal of debt.

Key to earning support from the FCC was Verizon's committedness to ending each DEI-related practices, successful enactment with the Trump administration’s purpose to dismantle each diversity, equity, and inclusion initiatives from some public organizations and private companies.

The statement from the FCC said the support "ensures that discriminatory DEI policies end," and that Verizon "has reaffirmed the merged entity’s committedness to adjacent accidental and nondiscrimination."

"By approving this deal, the FCC ensures that Americans volition payment from a bid of bully and commonsense wins. The transaction volition unleash billions of dollars successful caller infrastructure builds successful communities crossed the country—including agrarian America. This concern volition accelerate the modulation distant from old, copper enactment networks to modern, high-speed ones. And it delivers for America’s operation and telecom crews who bash the hard, often gritty enactment needed to physique high-speed networks," said Brendan Carr, FCC chairman.

Verizon plans to upgrade and grow Frontier's existing web crossed 25 states and expects to deploy fibre to much than 1 cardinal American homes annually.