The FCC’s Wireline Competition Bureau approved Verizon’s $20 billion acquisition of Frontier today. Chairman Brendan Carr said the transaction will unleash “billions of dollars in new infrastructure builds in communities across the country—including rural America.”
“This investment will accelerate the transition away from old, copper line networks to modern, high-speed ones,” said Carr. “And it delivers for America’s tower and telecom crews who do the hard, often gritty work needed to build high-speed networks.”
The full transaction, including debt, values Frontier at $20 billion. Approval came after Carr warned Verizon in February that its DEI practices conflicted with federal directives. Verizon agreed to revise some corporate policies while maintaining commitments to equal opportunity and nondiscrimination.
The deal clears the way for Verizon to expand and upgrade Frontier’s network across 25 states.
